Business, 16.10.2019 01:00, macylen3900

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.

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The difference between a nominal variable and a real variable is that a. real variables are calculat...