Question

If your paycheck was $800 each week, then the nominal value would be less than $800 as we adjust it for inflation. be more than $800 when we adjust it for inflation. be equal to the $800 face value of the paycheck. equal what the paycheck will buy after we adjust it for inflation. depend upon the nominal interest rate.

Answer 1

The answer is : the nominal value would be equal to the $800 face value of the paycheck. The nominal value is the book, par or face value, which in the case of the paycheck is $800.00

Answer 2

Answer:

The nominal value of pay check will be equal to $800 when the face value will be greater than $800 and it depends on inflation that how much it needs to be more than $800. Suppose if the inflation is 4%

So the face value of paycheck should be $833.33 then the nominal value of paycheck will be $800

or if the the inflation is 5% and face value is $800 then nominal value adjusted for inflation will be $760.