Identify Each of the Following as Nominal or Real Variables

question 30

Essay

Identify each of the following as nominal or real variables.
a. the physical output of goods and services
b. the overall price level
c. the dollar price of apples
d. the price of apples relative to the price of oranges
e. the unemployment rate
f. the amount that shows up on your paycheck after taxes
g. the amount of goods you can purchase with the wage you get each hour
h. the taxes that you pay the government
d. the price of apples relative to the price of oranges
e. the unemployment rate

---

Definitions:

Building A Smarter Planet

An initiative or philosophy focused on utilizing technology and innovation to solve environmental and societal issues for a more efficient and sustainable world.

IBM

International Business Machines Corporation, a global technology company known for its significant contributions to the development of computers and IT.

Communication With Worldview

The practice of framing messages in a way that resonates with the diverse perspectives and values of a global audience.

Globalization

The worldwide movement toward economic, financial, trade, and communications integration.