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Which of the following give the nominal value of a variable? Check all that apply. Poornima's wage is $14.00 per hour in 2013. Poornima's wage is 2 paperback novels per hour in 2013. The price of a donut is $2.00 in 2013.

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Answer:

Poornima's wage is $14.00 per hour in 2013. Nominal

Poornima's wage is 2 paperback novels per hour in 2013.  Real

The price of a donut is $2.00 in 2013. Nominal

Explanation:

A nominal value of a variable is the value of an economic variable in terms of the price level at the time of its measurement; or, unadjusted for price movements.

Real: The value of an economic variable adjusted for price movements.

Poornima's wage is $14.00 per hour in 2013. Nominal

Poornima's wage is 2 paperback novels per hour in 2013.  Real

The price of a donut is $2.00 in 2013. Nominal

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