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It is the ratio between the output over input.

It is actually the theoretical gain. Say for closed loop gain, based on given resistor values R1 10ohms and R2 100ohms , nominal gain will be -R2/R1= -10 V/V while the actual closed loop gain is could actually be -9.999944 V/V. Moreover, nominal gain would usually refer to the closed loop gain, the open loop gain would have much bigger value.

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Q: What is nominal gain?
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