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

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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?

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

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

Reference No:- TGS026419

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Recent Questions Asked Business Economics

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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

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