What is the difference between a nominal value and a real value?
A. A nominal value is measured in monetary units while a real value is measured in current dollars.
B. A nominal value is measured in market rates while a real value is measured in terms of exchange rates.
C. A nominal value is measured in units of constant purchasing power while a real value is measured in units of current purchasing power.
D. A nominal value is measured in current market prices while a real value is measured in base year prices.
Ans: D. A nominal value is measured in current market prices while a real value is measured in base year prices.
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