Real Versus Nominal Value (economics)

Bol

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. In economics, nominal value refers to any price or value expressed in money of the day, as opposed to real value, which adjusts for the effect of inflation. Changes in real value reflect only changes in the actual quantity, Q, of goods or services produced; whereas changes in the nominal value reflect the combined effect of changes in the quantity and changes in the price, P. Real values are used when one wishes to consider changes in actual material quantities, without price changes confusing the issue. They are often used for expressing prices of commodities, and for aggregate measures such as gross domestic product.

Amazon

Pagina's: 120, Paperback, Betascript Publishers