Yes.
yes
The real wage is the amount of money paid when adjusted for inflation. This wage will rise if the nominal wage rises.
A gross domestic product (GDP) value that is at face value and has not been adjusted in any way, for inflation or any other reason, is known as a "nominal GDP." It is sometimes also called a "current dollar GDP."
Potential GDP is the total numerical value of GDP before inflation is counted in. Real GDP is nominal GDP adjusted for inflation
Real GDP calculations have been adjusted to factor in inflation. Nominal GDP calculations are not adjusted. It is harder to make valid comparisons across time if you don't adjust for price level differences.
A nominal discount rate doesn't take into consideration inflation and other factors. Conversely, a real discount rate would already have inflation included in the rate. The nominal rate is the amount of discount that is state, whereas, the real discount is the actual amount that will be received.
yes
The real wage is the amount of money paid when adjusted for inflation. This wage will rise if the nominal wage rises.
A gross domestic product (GDP) value that is at face value and has not been adjusted in any way, for inflation or any other reason, is known as a "nominal GDP." It is sometimes also called a "current dollar GDP."
Potential GDP is the total numerical value of GDP before inflation is counted in. Real GDP is nominal GDP adjusted for inflation
TVM, or Time Value of Money can certainly be used to calculate a real return. The only difference between a nominal return and a real return is inflation, so simply discount your future cash flows by anticipated inflation and you have a real return. In simpler terms assuming inflation is steady you could simply deduct inflation from your nominal return. For example a nominal 7% return with 3% inflation could be desribed as a 4% real return.
Real GDP calculations have been adjusted to factor in inflation. Nominal GDP calculations are not adjusted. It is harder to make valid comparisons across time if you don't adjust for price level differences.
Assuming we're using the cash-flows (Cf) and the required return rate (r) to calculate the Net Present Value (NPV), We need to follow the Rule of Consistency, which is to say, if our (r) is stated in real terms, we must use Real (Cf), and vice versa. Helpful formulas: To adjust Real (Cf) to Nominal, we compound it (n) periods, using the rate of inflation (inf), viz: (Cf-real) * (1+inf)^(n) Similarly, to adjust Nominal (Cf) to Real, we discount it viz: (Cf-nominal) / (1+inf)^(n) The Fisher Theorem illustrates the relation between real and nominal rates, viz: (1+r-nom) = (1+r-real) * (1+inf)
through inflation as nominal GDP does not account for it
No. Nominal interest rate is the rate before adjustments for inflation.
Nominal InterestA nominal interest rate is the interest rate that does not compensate for inflation. This is used in relation to "effective interest rate" or "real interest rate."" Real Interest Rate = Nominal Interest Rate - Inflation Rate " Improvement suggested by Palash Bagchi.
Nominal interest rate referes to the rate of interest prior to taking inflation into account. Depending on its application, an inflation and risk premium must be added to the real interest rate in order to obtain the best nominal rate.