Deflating a nominal quantity is the process of dividing a ________ quantity by a ________ in order to express the quantity in ________ terms.
A)nominal; real quantity; nominal
B)real; nominal quantity; real
C)nominal; price index; real
D)real; price index; nominal

Question

Quizplus · Accepted Answer

The process of dividing a nominal quantity by a price index in order to express the quantity in real terms is called deflating.

Deflating a Nominal Quantity Is the Process of Dividing a ________