Nominal


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Related to Nominal: Nominal scale, Nominal data

Nominal

In name only. Differences in compounding cause the nominal rate to differ from the effective interest rate. Inflation causes the purchasing power of money to differ from one time to another.

Nominal

Describing a variable that does not take inflation into account. For example, when considering GDP growth, if GDP has grown 10% in nominal terms and the inflation rate is 3%, real GDP growth is only 7%.
References in periodicals archive ?
The reduction in international price levels of crude oil in this quarter has led to sharper decline in nominal gross value added of this (mining and quarrying) sector," the ministry said.
To the extent that inflation risk is small at short-horizons, nominal short-term bonds are good substitutes for inflation-indexed short-term bonds.
The figures by the Kuwaiti-based Inter-Arab Investment Guarantee Corporation (IAIGC) showed Saudi Arabia remained the dominant Arab economy, with its nominal GDP standing at around $560.
bar]s at, complex speech forms derived by the grammar, including derivates from roots, derivates from nominal stems, and compounds, are also termed pratipadika.
1 nominal value, to one (1) ADR representing twenty (20) ordinary shares, NIS 0.
From the macroeconomic point of view, "aggregate real wage flexibility determines the overall balance of supply and demand in the labour market and is a key substitute for the adjustment roles of the nominal exchange rate and an independent monetary policy" (HM Treasury, 2003, p.
Nominal GDP is calculated using current prices whereas real GDP uses constant prices that are obtained after removing the effect of price changes.
On the back of a structural economic turnaround, a tighter labor market will push up wages, boost inflation and, hence, nominal GDP growth, which is essential for the asset market growth.
The district court held that the prisoner's failure to allege physical injury caused his claim to be barred by the Prison Litigation Reform Act (PLRA) to the extent that he sought damages for mental and emotional injury, but not to the extent that he sought nominal, compensatory and punitive damages.
For, in all mathematical settings, there is the possibility of nominal understanding (where one comes to know how to use mathematical names) and of explanatory understanding (where one comes to know what mathematical names mean).