A quantity measured in terms of current dollar values is called a(n)_______ quantity.
A) nominal
B) real
C) deflated
D) indexed
E) relative

Name: A quantity measured in terms of current dollar values is called a(n)_______ quantity. A) nominal B) real C) deflated D) indexed E) relative
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Question

Quizplus · Accepted Answer

Nominal quantity is a measure in terms of current dollar values which do not account for inflation or deflation. It is the actual value of a good or service in the marketplace.

A Quantity Measured in Terms of Current Dollar Values Is