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What three pieces of information are needed to convert nominal dollars to constant dollars?
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∙ 10y ago
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Wiki User
∙ 10y ago
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What is the price of plastecene?
very nominal (a couple of dollars) - but the exact price would depend on where you live
Is work settings nominal or ordinal?
They are nominal.
What level of measurement is required to determine the mode?
nominal
Is marital status nominal data?
Yes, marital status is nominal data.
Can a histogram be used to display and analyze nominal data?
No, it is not suitable for nominal data.
How do you turn US dollars into yen?
Many bank branches will convert currency with a nominal fee. Some do it for free if you have an account with their company.
Difference between nominal and real variable?
A nominal variable is a variable measured in current dollars (the value of the dollar for the specific period discussed), and a real variable is a variable measured in constant dollars (the value of the dollar for the base period). That is, a real variable adjusts for the effects of inflation.
What is the velocity of money if the nominal interest rate is constant?
If the nominal interest rate is constant, then PY is constant in the equation PY = MV, so V will remain constant so long as money supply does not change.
How do you convert nominal bore to outter diameter?
2.375
What is nominal quantity?
A nominal quantity is one that is represented in current dollars, that is, without inflation effect. A quantity that accounts for inflation effects is called a "real" quantity. For more information, please see the related link below.
What is the conversion factor to convert inches to NB?
nominal bore
How do you Convert nominal cubic meters to cubic meters?
1Nm3=0.0098788
What is the difference nominal cash flow and real cash flow?
Difference between real and nominal cash flow is that nominal cash flows uses the inflation information as well for calculation of nominal cash flow of future while real cash flow don't use that information for calculation.
Why do economists use real GDP rather than nominal GDP to measure growth?
Real GDP reflects output more accurately than nominal GDP by using constant prices.
What is the weight of a 1922 silver dollar?
The nominal weight of all Peace dollars is 26.73 grams.
What is the price of plastecene?
very nominal (a couple of dollars) - but the exact price would depend on where you live
How many types of variables are there'?
Three, they are: Constant,dependant, & controlled. Alternatively, you can say there are 4: nominal, ordinal, interval, and ratio.
