Question

One year of college tuition at a state school is about the same cost as a toyota camry. this is an example of:

Answer 1

Correct option: real value

The real value is the value of something (any product or service) in terms of other product or service while Nominal value is the value of something in terms of money. Here the value of college tuition which is a service is equal to the cost of Toyota Camry which is a product. Since the value of a service is equal to the value of a product, this is an example of real value.

Answer 2

I think the correct answer from the choices listed above is the first option. One year of college tuition at a state school is about the same cost as a toyota camry. This is an example of real value. It  is nominal value adjusted for inflation. Hope this answers the question.