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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=
What else can I help you with?
The real wage will rise if the nominal wage?
The real wage is the amount of money paid when adjusted for inflation. This wage will rise if the nominal wage rises.
What is the difference between 'real wage' and 'nominal wage'?
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How can one calculate the real wage rate?
To calculate the real wage rate, you need to divide the nominal wage rate by the price level index. This will give you the purchasing power of your wages after accounting for inflation.
What has the author Umar Ahmed Faruqui written?
Umar Ahmed Faruqui has written: 'Employment effects of nominal-wage rigidity'
What has the author Christoph Knoppik written?
Christoph Knoppik has written: 'Downward nominal wage rigidity in europe' -- subject(s): Wages, Econometric models
Is politics nominal or ordinal?
Nominal.
is sex ordinal or nominal?
nominal
Is BMI a nominal or ratio data?
nominal
Is work settings nominal or ordinal?
They are nominal.
Is favourite sport ordinal or nominal?
Nominal
A sentence with the word Nominal?
i had to pay Nominal fees. Nominal charges might apply on your purchase.
Advantages and disadvantages of nominal scale?
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.
