A major league baseball player signs a contract that pays $50 million over five years.The $50 million is its ________ value.

Name: A major league baseball player signs a contract that pays $50 million over five years.The $50 million is its ________ value.
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The term "nominal" refers to the face value or stated value of something, without adjusting for inflation or other factors. In this case, the $50 million represents the nominal value of the baseball player's contract.

A Major League Baseball Player Signs a Contract That Pays