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- Real_versus_nominal_value_(economics) abstract "In economics a nominal value is an economic value expressed in monetary terms (that is, in units of a currency). By contrast, a real value is a value that has been adjusted from a nominal value to remove the effects of general price level changes over time. For example, changes in the nominal value of some commodity bundle over time can happen because of a change in the quantities in the bundle or their associated prices, whereas changes in real values reflect only changes in quantities.Real values are a measure of purchasing power net of any price changes over time. For example, nominal income is often restated as real income, thus removing that part of income changes that merely reflect inflation (a general increase in prices). Similarly, for aggregate measures of output, such as gross domestic product (GDP), the nominal amount reflects production quantities and prices in that time period, whereas the differences between real amounts in different time periods reflect only changes in quantities. A series of real values over time, such as for real GDP, measures quantities over time expressed in prices of one year, called the base year (or more generally the base period). Real values in different years then express values of the bundles as if prices had been constant for all the years, with any differences due to differences in underlying quantities.The nominal/real value distinction can apply not only to time-series data, as above, but also to cross-section data varying by region. For example, the total sales value of a particular good produced in a particular region of a country is influenced by both the physical amount sold and the selling price, which may be different from that of the country as a whole; for purposes of comparing the economic activity of different regions, the nominal output of the good in that region can be adjusted into real terms by repricing the goods at national-average prices.".
- Real_versus_nominal_value_(economics) wikiPageExternalLink GDP_price_index.
- Real_versus_nominal_value_(economics) wikiPageExternalLink cpicalc.pl.
- Real_versus_nominal_value_(economics) wikiPageExternalLink sici?sici=0022-0515%28197903%2917%3A1%3C1%3ATWBORI%3E2.0.CO%3B2-6&size=LARGE&origin=JSTOR-enlargePage.
- Real_versus_nominal_value_(economics) wikiPageExternalLink nominal.cfm.
- Real_versus_nominal_value_(economics) wikiPageExternalLink article?id=pde2008_I000053&edition=current&q=Index%20numbers&topicid=&result_number=1.
- Real_versus_nominal_value_(economics) wikiPageID "717591".
- Real_versus_nominal_value_(economics) wikiPageRevisionID "604769447".
- Real_versus_nominal_value_(economics) hasPhotoCollection Real_versus_nominal_value_(economics).
- Real_versus_nominal_value_(economics) subject Category:Basic_financial_concepts.
- Real_versus_nominal_value_(economics) subject Category:Economics_terminology.
- Real_versus_nominal_value_(economics) subject Category:Inflation.
- Real_versus_nominal_value_(economics) subject Category:Value.
- Real_versus_nominal_value_(economics) type Abstraction100002137.
- Real_versus_nominal_value_(economics) type BasicFinancialConcepts.
- Real_versus_nominal_value_(economics) type Cognition100023271.
- Real_versus_nominal_value_(economics) type Concept105835747.
- Real_versus_nominal_value_(economics) type Content105809192.
- Real_versus_nominal_value_(economics) type Idea105833840.
- Real_versus_nominal_value_(economics) type PsychologicalFeature100023100.
- Real_versus_nominal_value_(economics) comment "In economics a nominal value is an economic value expressed in monetary terms (that is, in units of a currency). By contrast, a real value is a value that has been adjusted from a nominal value to remove the effects of general price level changes over time.".
- Real_versus_nominal_value_(economics) label "Nominale waarde".
- Real_versus_nominal_value_(economics) label "Real versus nominal value (economics)".
- Real_versus_nominal_value_(economics) label "Reale Größe".
- Real_versus_nominal_value_(economics) label "Valeur nominale et valeur réelle".
- Real_versus_nominal_value_(economics) label "Valor nominal".
- Real_versus_nominal_value_(economics) label "Valor nominal".
- Real_versus_nominal_value_(economics) label "Valore nominale".
- Real_versus_nominal_value_(economics) label "القيمة الحقيقية مقارنة بالقيمة الاسمية (اقتصاد)".
- Real_versus_nominal_value_(economics) sameAs Reale_Größe.
- Real_versus_nominal_value_(economics) sameAs Valor_nominal.
- Real_versus_nominal_value_(economics) sameAs Balio_nominala_eta_balio_erreala_(ekonomia).
- Real_versus_nominal_value_(economics) sameAs Valeur_nominale_et_valeur_réelle.
- Real_versus_nominal_value_(economics) sameAs Valore_nominale.
- Real_versus_nominal_value_(economics) sameAs Nominale_waarde.
- Real_versus_nominal_value_(economics) sameAs Valor_nominal.
- Real_versus_nominal_value_(economics) sameAs Q311198.
- Real_versus_nominal_value_(economics) sameAs Q311198.
- Real_versus_nominal_value_(economics) sameAs Real_versus_nominal_value_(economics).
- Real_versus_nominal_value_(economics) wasDerivedFrom Real_versus_nominal_value_(economics)?oldid=604769447.
- Real_versus_nominal_value_(economics) isPrimaryTopicOf Real_versus_nominal_value_(economics).