The Difference Between Nominal and Real Values Is That Real

question 369

Multiple Choice

The difference between nominal and real values is that real values take into account

• A) depreciation.
• B) changes in the composition of output.
• C) changes in prices between years.
• D) the presence of durable goods.

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Definitions:

Federal Records

Documents created or received by a government agency that are preserved as evidence of the organization, functions, policies, decisions, procedures, operations, or other activities.

Coefficient Alpha

A reliability coefficient that measures the internal consistency of a test or scale; it is commonly used in psychometrics.

Reliability

The reliability of an evaluation tool in generating steady and unchanging outcomes over various periods.

Spearman-Brown Formula

A mathematical formula that can be used with split-half or odd-even reliability estimates to increase the accuracy, which is impaired because of the shortening (splitting in half) of the test.