Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The difference between nominal and real is? nominal is a number stated in dollars and real estated with an index number, Rio is a number

The difference between nominal and real is? nominal is a number stated in dollars and real estated with an index number, Rio is a number stated in dollars and nominal as stated with an index number, Rio is measured in current dollars and nominal is measured in dollars of a base year, nominal is measured in current dollars and the Rio is measured in dollars of a base year

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Economics Theory and Policy

Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz

9th Edition

978-0132146654, 0132146657, 9780273754091, 978-0273754206

More Books

Students also viewed these Economics questions

Question

Define Administration and Management

Answered: 1 week ago

Question

Define organisational structure

Answered: 1 week ago

Question

Describe the primary driver in Alliances current profitability.

Answered: 1 week ago