How do i find a nominal gdp?

Answer Calculate nominal gross domestic product, or GDP, by using current prices for each good rather than constant prices, like you would use if calculating real GDP. Real GDP and the constant prices use... Read More »

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Is age nominal or ordinal?

Age is neither nominal nor ordinal because the former would indicate a qualitative aspect and the latter a ranking system. Age is, instead, a ratio scale because it has a meaningful zero (birth) an... Read More »

What Is Nominal Yield?

Nominal yield is the face value of a bond. It is the precise percentage amount that it will yield; it does not account for any other factor like opportunity cost or inflation.

What is real GDP& nominal GDP?

Real and nominal GDP, or gross domestic product, are two related measures of the total output of an economy during a given period of time. The GDP is one of the most important economic indicators.B... Read More »

What is a nominal group?

The nominal group technique, also known as NGT, provides a method for a group of individuals to achieve a consensus when making a decision. Nominal groups provide an opportunity for every participa... Read More »