nominal salary is the amount of money you are paid - in the currency of your country. The figures of the nominal salary are not telling you how you are paid - is the salary good or bad, i.e. figures may be"high", but salary may be bad because food, accomodation and clothing are very expensive and their prices accomponed with high inflation=
The real wage is the amount of money paid when adjusted for inflation. This wage will rise if the nominal wage rises.
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Umar Ahmed Faruqui has written: 'Employment effects of nominal-wage rigidity'
Christoph Knoppik has written: 'Downward nominal wage rigidity in europe' -- subject(s): Wages, Econometric models
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i had to pay Nominal fees. Nominal charges might apply on your purchase.
The advantage of using a nominal scale is that it can help with classification. The disadvantage of using a nominal scale is that it is the most primitive system.
nominal account.