Real and nominal value
id:
real-and-nominal-value-245-12952529
title:
Real and nominal value
text:
In economics, nominal value refers to value measured in terms of absolute money amounts, whereas real value is considered and measured against the actual goods or services for which it can be exchanged at a given time. Real value takes into account inflation and the value of an asset in relation to its purchasing power. In macroeconomics, the real gross domestic product compensates for inflation so economists can exclude inflation from growth figures, and see how much an economy actually grows.
brand slug:
wiki
category slug:
encyclopedia
description:
Value in economics and accounting
original url:
https://en.wikipedia.org/wiki/Real_and_nominal_value
date created:
date modified:
2024-03-12T06:30:10Z
main entity:
{"identifier":"Q311198","url":"https://www.wikidata.org/entity/Q311198"}
image:
fields total:
13
integrity:
14