If you earn a 10% nominal return on an investment, are you really 10% more wealthy? (Note: Wealth is defined as the ability to purchase and/or consume goods or services.)

No, because there may be inflation, which causes your real return to be less

No, because if inflation = 0, then your real return is less

Yes, because you really have 10% more dollars

Yes, because inflation does NOT effect your real wealth

Yes, because nominal returns are the returns widely published & quoted in the press