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9 June, 08:08

Which of the following give the nominal value of a variable? Check all that apply. Poornima's wage is $14.00 per hour in 2013. Poornima's wage is 2 paperback novels per hour in 2013. The price of a donut is $2.00 in 2013.

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  1. 9 June, 08:23
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    Poornima's wage is $14.00 per hour in 2013. Nominal

    Poornima's wage is 2 paperback novels per hour in 2013. Real

    The price of a donut is $2.00 in 2013. Nominal

    Explanation:

    A nominal value of a variable is the value of an economic variable in terms of the price level at the time of its measurement; or, unadjusted for price movements.

    Real: The value of an economic variable adjusted for price movements.

    Poornima's wage is $14.00 per hour in 2013. Nominal

    Poornima's wage is 2 paperback novels per hour in 2013. Real

    The price of a donut is $2.00 in 2013. Nominal
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