Question

Which of the following is the economic term that indicates that figures have been adjusted for inflammation? A: Deflated B: adjusted C: real D: nominal

Answer 1

It's inflation. But anyways, the answer is C. Real

The phrase “in real terms” is used to show how measures such as economic growth, savings or wages change after inflation, while “nominal terms” is used when the adjustment has not been made. Changing terms to real enables comparison of quantities as if the prices never changed. Changes in nominal value, on the other hand, reflect at least in part the effect of inflation.