A real variable is
A) measured in terms of after-tax dollars
B) measured in terms of dollars and not foreign currency
C) measured in nominal terms
D) measured in terms of current dollars
E) measured in terms of purchasing power

Question

Quizplus · Accepted Answer

A real variable is measured in terms of purchasing power, which takes into account changes in the general level of prices. The other choices do not accurately describe a real variable.

A Real Variable Is