The difference between a nominal variable and a real variable is that A. real variables are calculated in current-year prices and the nominal variables are measured in dollars of the base year to adjust for the effects of inflation. B. nominal variables are economic variables that are adjusted for inflation, whereas real variables are valued in today's dollars. C. real variables are divided by the price index and multiplied by 100 to obtain nominal variables. D. nominal variables are calculated in current-year prices and the real variables are measured in dollars of the base year for the price index to correct the effects of inflation.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The difference between a nominal variable and a real variable is that A. real variables are calculated in current-year prices and the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which one of the following is not true concerning socializing in the workplace? A. Socializing can keep you from reaching your performance goals. B. Socializing can lead to favoritism and friction in the workplace. C.
Answers (1)
At Auternli, a cosmetics manufacturing company, all major decisions, such as production, marketing, and financial decisions, are made only by the top management.
Answers (1)
The do-it-yourselfer plucked a gallon can of base paint from the shelf of the local hardware store and handed it to keith, the cheerful clerk at the paint counter.
Answers (1)
Bill's tendency to consider evidence that supports his position on illegal immigration, but disregards evidence that refutes his beliefs. b.
Answers (1)
A patent is an exclusive right to produce and sell a product for how long
Answers (1)
New Questions in Business
Why is it important to know the interest rate on your credit card? a) The higher the interest rate, the more money you will be paying back b) The higher the interest rate, the less money you will be paying back c) The lower the interest rate, the
Answers (2)
It is appropriate to use the fixed assets turnover ratio to appraise firms' effectiveness in managing their fixed assets if and only all the firms being compared have the same proportion of fixed assets to total assets. a) trueb) false
Answers (1)
Which of the following actions differentiates an entrepreneur from other small business owners?
Answers (1)
Mccoo Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The variable overhead rate is $1.50 per direct labor-hour.
Answers (1)
Which of the following is true of Finished Goods Inventory? A. Finished Goods Inventory is an account used by a manufacturer and includes completed goods that have not yet been sold. B.
Answers (1)