Nominal value

Nominal value

The value of anything expressed simply in the money of the day. Since inflation means that money can lose its value over time, nominal figures can be misleading when used to compare values in different periods. It is better to compare their real value, by adjusting the nominal figures to remove the inflationary distortions.

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Part of Speech: noun
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Blossary:
Industry/Domain: Economy
Category: Economics
Company: The Economist
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Related terms

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