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Ne4ueva [31]
3 years ago
14

The nominal value of anything is its price expressed in​ ________, and the real value of anything is its value expressed in​ ___

_____.
A. the value of a dollar one year from​ today; today's dollars
B. purchasing​ power; today's dollars
C. purchasing​ power; the value of a dollar one year from today
D. ​today's dollars; purchasing power
Business
1 answer:
Alexandra [31]3 years ago
7 0

Answer:

D. ​today's dollars; purchasing power

The nominal value of anything is it's current price or the dollar amount someone is paying for it. For eg if the price of a kg of rice is $3, its nominal value is also $3. The real value is expressed in terms of purchasing power which means that the amount of goods and services that you can purchase from a particular amount of money today compared to a base year in the past. So for example if the base year is 5 years ago and the price of a kg of rice was $1.5, the real value of $3 would be 2 kgs of rice, where as currently if the price of a kg of rice is $3 then the real value of $3 is 1 kg of rice. As purchasing power decreases the real value of money decreases.

Explanation:

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