How is nominal wage measured?
A) in constant dollars
B) in terms of the goods it can buy
C) in terms of the goods and services it can buy
D) in current dollars rather than in constant dollars

Question

How is nominal wage measured?  
A) in constant dollars 
B) in terms of the goods it can buy 
C) in terms of the goods and services it can buy 
D) in current dollars rather than in constant dollars

Quizplus · Accepted Answer

Nominal wage is measured in current dollars rather than in constant dollars, reflecting the amount of money received by a worker at the current time without adjusting for inflation or changes in purchasing power.

How Is Nominal Wage Measured