A nominal quantity is one that is measured
A)using the GDP deflator.
B)in current dollar value.
C)in physical, or constant, terms.
D)using the CPI.

Question

Quizplus · Accepted Answer

Nominal quantity is measured in current dollar value, which means it is not adjusted for inflation or changes in purchasing power. The other options (A, C, and D) refer to specific measures of inflation or constant value, which are not relevant to nominal quantity.

A Nominal Quantity Is One That Is Measured