nominal

Economics

(adjective)

Without adjustment to remove the effects of inflation (in contrast to real).

Related Terms

  • GDP = private consumption + gross investment + government investment + government spending + (exports - imports).
  • economic output
  • gross domestic product
  • protectionism
  • stagflation
Statistics

(adjective)

Having values whose order is insignificant.

Related Terms

  • qualitative analysis
  • ordinal

Examples of nominal in the following topics:

  • Nominative

  • Differences Between Real and Nominal Rates

    • Nominal rate refers to the rate before adjustment for inflation; the real rate is the nominal rate minus inflation: r = R - i or, 1+r = (1+r)(1+E(r)).
    • The real rate is the nominal rate minus inflation.
    • The relationship between real and nominal rates can be described in the equation:
    • Where r is the real rate, i is the inflation rate, and R is the nominal rate.
    • The relationship between real and nominal interest rates is captured by the formula.
  • Nominating Candidates

    • Nomination is the process through which political candidates are chose to campaign for election to office.
    • Nomination is part of the process of selecting a candidate for election to office.
    • In order to have their names listed on election ballots, individuals seeking these offices must first be nominated.
    • To nominate candidates, political parties hold primary elections.
    • In modern presidential campaigns, however, nominating conventions are largely ceremonial.
  • The Nomination Process

    • It is the president's responsibility to nominate federal judges and the Senate's responsibility to approve or reject the nomination.
    • The president nominates all federal judges, who must then be approved by the Senate .
    • Bush nominated the judicially experienced and reputedly ideologically moderate David H.
    • Nominations go to the Senate Judiciary Committee, which usually holds hearings.
    • Federal judges, such as Supreme Court Justices, must be nominated.
  • Calculating Real GDP

    • The nominal GDP is the value of all the final goods and services that an economy produced during a given year.
    • In economics, a nominal value is expressed in monetary terms.
    • For example, a nominal value can change due to shifts in quantity and price.
    • It transforms the money-value measure, nominal GDP, into an index for quantity of total output.
    • This image shows the nominal GDP for a given year in the United States.
  • The Five Declensions

    • The Vocative is regularly like the Nominative, except in the singular of nouns in -us of the Second Declension.
    • In Neuters the Accusative and Nominative are always alike, and in the Plural end in -ă.
    • In the Third, Fourth, and Fifth Declensions, the Accusative Plural is regularly like the Nominative.
  • The GDP Deflator

    • It is a price index that measures price inflation or deflation, and is calculated using nominal GDP and real GDP.
    • In other words, real GDP is nominal GDP adjusted for inflation.
    • If there is no inflation or deflation, nominal GDP will be the same as real GDP.
    • The GDP deflator is calculated by dividing nominal GDP by real GDP and multiplying by 100 .
    • It is calculated by dividing nominal GDP by real GDP and multiplying by 100.
  • High Resolution Spectra

    • Because the strong nuclear forces that bind the components of an atomic nucleus together vary, the actual mass of a given isotope deviates from its nominal integer by a small but characteristic amount (remember E = mc2).
    • By designing mass spectrometers that can determine m/z values accurately to four decimal places, it is possible to distinguish different formulas having the same nominal mass.
    • Since a given nominal mass may correspond to several molecular formulas, lists of such possibilities are especially useful when evaluating the spectrum of an unknown compound.
    • Composition tables are available for this purpose, and a particularly useful program for calculating all possible combinations of H, C, N & O that give a specific nominal mass has been written by Jef Rozenski.
  • Real Versus Nominal Rates

    • Real exchange rates are nominal rates adjusted for differences in price levels.
    • A nominal value is an economic value expressed in monetary terms (that is, in units of a currency).
    • The real exchange rate is the nominal rate adjusted for differences in price levels.
    • The nominal exchange rate would be A/B 2, which means that 2 As would buy a B.
    • Calculate the nominal and real exchange rates for a set of currencies
  • Hosting Conventions

    • Political parties in the United States that will be fielding nominees in an upcoming U.S. presidential election are responsible for hosting presidential nominating conventions.
    • Another formal purpose of presidential nominating conventions is to adopt the rules for a given party's activities, such as the presidential nominating process for the following election cycle.
    • Nominating conventions also carry significance beyond their formal purposes.
    • Due to the national media presence surrounding presidential nominating conventions, they are also excellent tools to showcase a given party's leaders and policies to prospective voters.
    • Presidential nominating conventions, like the Democratic National Convention, host influential speakers to increase party unity.
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