Which of the following is a real quantity?
A)The current wages paid to factory workers
B)The cost of a new car
C)The number of tons of steel produced in 2005
D)The current price of a barrel of oil

Name: Which of the following is a real quantity? A)The current wages paid to factory workers B)The cost of a new car C)The number of tons of steel produced in 2005 D)The current price of a barrel of oil
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Question

Quizplus · Accepted Answer

Real quantities do not depend on the price level whereas nominal quantities do.

Which of the Following Is a Real Quantity