What is the difference between nominal and real quantities, Business Economics

+44 141 628 6080
[email protected]

What is the difference between nominal and real quantities

Detailed Explanation with Example: Nominal and Real Quantity

This is an important notion in economics which infuses several concepts dealing with money. We have "nominal" quantities and "real" quantities. For example, one would talk about the nominal price of a house as opposed to real price of the same house. Or one might talk about nominal deficit as opposed to real deficit.

What's the difference between nominal and real quantities and why make the distinction?

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Business Economics: What is the difference between nominal and real quantities

Reference No:- TGS026419

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Business Economics

Q : Analyze how floor manager can help-theories of motivation

Roger expresses his dissatisfaction, stating that his work has become routine and uninteresting. Analyze how the floor manager can help Roger using the need theories of motivation.

Q : Creating development plan for human resources

You are the regional training manager of a subsidiary of a company that competes with Proctor and Gamble. One of the product managers, Manager Greg, has invited you to a meeting. Manager Greg has a unit with low morale, poor communications, and lo

Q : Computing expected return and standard deviation

The U.S. market has an expected return of 12% and a standard deviation of 22%. An index mutual fund that matches the Morgan Stanley Europe, Australia, and Far East Index (EAFE) has an expected return of 14% and a standard deviation of 30%.

Q : What is the difference between nominal and real quantities

one might talk about nominal deficit as opposed to real deficit. What's the difference between nominal and real quantities and why make the distinction.

Q : Explain in detail why there has been this shift in focus

In the early years of the conservation movement (1970s), efforts were aimed mainly at the salvation of individual species - that is, saving them from extinction.

Q : Call center training situation

A manager in your organization has approached you to design some practice cases for training call center personnel on new products. The company is relying on the revenue these new products will generate, so it is important that the call center rep

Q : Problems on country risk assessment

You are working for McDonalds Corporation. You want to do a Country Risk Assessment for Iran for the current year to decide whether you should operate a Franchise there.

Q : Life-changing or altering decisions

I think that sometimes we take more time deciding what to have for dinner than we do for life-changing/altering decisions and forgo the need of thoroughly investigating the true impact that a major decision can have on others.

1922772

Questions
Asked

3,689

Active Tutors

1419841

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Business Economics: What is the difference between nominal and real quantities

Reference No:- TGS026419

Have a Question? (oR Write a Review)

Recent Questions Asked Business Economics

Q : Analyze how floor manager can help-theories of motivation

Q : Creating development plan for human resources

Q : Computing expected return and standard deviation

Q : What is the difference between nominal and real quantities

Q : Explain in detail why there has been this shift in focus

Q : Call center training situation

Q : Problems on country risk assessment

Q : Life-changing or altering decisions

Discuss patient with athsma about use of bronchodilators

Discuss new forms of advertising changing opdps work

Observing and reporting a correctional clients behavior

Discussion about improve patient satisfaction scores

Problem concerning about the risk for stroke

Patient presented with acute-onset abdominal pain

Discuss - male with a history of moderate persistent asthma

Request for Solution File

Ask an Expert for Answer!!

Business Economics: What is the difference between nominal and real quantities

Reference No:- TGS026419

Recent Questions Asked Business Economics

Q : Analyze how floor manager can help-theories of motivation

Q : Creating development plan for human resources

Q : Computing expected return and standard deviation

Q : What is the difference between nominal and real quantities

Q : Explain in detail why there has been this shift in focus

Q : Call center training situation

Q : Problems on country risk assessment

Q : Life-changing or altering decisions

Asked Questions