Income is it a nominal or scale variable?

Frank's nominal income in 1998 is $45,000. Suppose the CPI in 1998 is 150. What is Frank's real inco...

If a person's nominal income increases by 8% while the price level increases by 10%, the person's re...

what does nominal gdp mean? im not sure if it is adjusted or not for inflation

If nominal GDP is $300 billion and the money supply is $20 billion, What must be the velocity? (b)If...

Is price a nominal or scale variable?

Nominal GDP and Real GDP are two measures of performance of an economy. Which one fo them gives a t...

1. Why Nominal wages are is sticky in the short run?

In a given year, nominal GDP grew by approximately 4%, while real GDP grew by only 2.3%. This differ...

Asked by Elick