Price indexes allow us to convert _______ measures of output into _______ measures of output.
A) nominal; real
B) real; nominal
C) perceived; real
D) nominal; perceived

Question

Quizplus · Accepted Answer

Price indexes allow us to adjust nominal measures of output (which do not take into account the effects of inflation) into real measures of output (which do take into account the effects of inflation).

Price Indexes Allow Us to Convert _______ Measures of Output