A major league baseball player signs a contract that pays $50 million over five years.The $50 million is the ________ value.

Name: A major league baseball player signs a contract that pays $50 million over five years.The $50 million is the ________ value.
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Question

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The $50 million is the nominal value, meaning it is the face value or stated value of the contract without adjusting for inflation or other factors.

A Major League Baseball Player Signs a Contract That Pays