Question

Why is there an error between the calculated values of r and the nominal value of r?.

Answer 1

The nominal value is based on experimental results whereas this model is likely based on the ideal gas law, which real gasses don't follow precisely.

What is nominal value?

• In economics, nominal values guide the unadjusted rate or current price, without taking inflation or other elements into account as opposed to real discounts, where adjustments are made for available price level changes over the period.

• The nominal price of a guarantee is its stated value, its saving price, or its unadjusted price, without taking into account inflation and other elements. The real value of a guarantee is its market value or a modified price that accounts for price level transitions that have occurred over a period.

• In economics, the nominal significance is the unadjusted value of an asset without carrying into account deductions and compensations, such as expenses, taxes, and inflation. It is the difference between the real value of an asset, which contemplates deductions and premiums.

To learn more about nominal value, refer to:

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