Nominal variables are variables that are measured in:Multiple choice question.monetary units while real variables are measured in numerical units.employment units while real variables are measured by money.units of output while real variables are measured in prices.numerical units while real variables are measured in monetary units.

In the context of nominal and real variables, which one of the following can NOT be a nominal variable? In the context of nominal and real variables, which one of the following can NOT be a nominal variable? Nominal interest rate. GDP growth rate. Stock prices. Exchange rates.

What are nominal dollar values?Question 6Select one:a.the dollar values adjusted to remove the effects of inflation.b.the adjusted dollar values of goods and services expressed in constant dollars.c.the average dollar values plus or minus the effects of inflation or deflation.d.the dollar values adjusted to remove the effects of deflation.e.the values of goods and services at their current market prices.

Nominal gross domestic product measures the dollar value of:Multiple choice question.all final goods and services that are produced during a fixed period of time.capital assets minus the depreciation of the assets.all the intermediate goods and services that are produced during a fixed period of time.all finished goods and services produced by a country's citizens, overseas and domestically, in a given period.

Nominal GDP is:  A. GDP adjusted for inflation  B. GDP measured in current prices  C. GDP adjusted for population size  D. GDP measured in constant dollars

Which of the following terms is synonymous with nominal variables? Ordinal variablesInterval variablesCategorical variablesDichotomous variables