Question

differentiate between nominal figure and real figure
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Answer 1

Resposta:

The nominal value of any economic statistic is measured in terms of actual prices that exist at the time. The real value refers to the same statistic after it has been adjusted for inflation.

Answer 2

Resposta:

The nominal value of any economic statistic is measured in terms of actual prices that exist at the time. The real value refers to the same statistic after it has been adjusted for inflation