Values that have been adjusted for inflation is known as
A)real value.
B)nominal value.
C)marginal value.
D)face value.

Question

Quizplus · Accepted Answer

Real value takes into account the effects of inflation, whereas nominal value does not. Marginal value refers to the additional value gained from consuming or producing one additional unit, and face value refers to the value assigned to something on its surface, such as the face value of a bond.

Values That Have Been Adjusted for Inflation Is Known as