What are nominal dollar values?Question 6Select one:a.the dollar values adjusted to remove the effects of inflation.b.the adjusted dollar values of goods and services expressed in constant dollars.c.the average dollar values plus or minus the effects of inflation or deflation.d.the dollar values adjusted to remove the effects of deflation.e.the values of goods and services at their current market prices.

Real dollar values are dollar values adjusted to remove the effects of inflation or deflation.Question 3Select one:TrueFalse

Nominal GDP is:  A. GDP adjusted for inflation  B. GDP measured in current prices  C. GDP adjusted for population size  D. GDP measured in constant dollars

Nominal variables are variables that are measured in:Multiple choice question.monetary units while real variables are measured in numerical units.employment units while real variables are measured by money.units of output while real variables are measured in prices.numerical units while real variables are measured in monetary units.

Real dollar values are the dollar values of goods and services at their current market prices.Question 17Select one:TrueFalse

In the context of nominal and real variables, which one of the following can NOT be a nominal variable? In the context of nominal and real variables, which one of the following can NOT be a nominal variable? Nominal interest rate. GDP growth rate. Stock prices. Exchange rates.