For the next set of questions determine if they are

a. real

or

b. nominal

1.Real GDP is considered a ____ variable.

a. real

b. nominal

2.Employment is considered a ____ variable.

a. real

b. nominal

3.Unemployment rate is considered a ____ variable.

a. real

b. nominal

4.Consumption is considered a ____ variable.

a. real

b. nominal

5.Price level is considered a ____ variable.

a. real

b. nominal