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Nominal Dollars

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Nominal dollars
Dollars that are not adjusted for inflation.

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%.


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General fund and lottery spending is down in nominal dollars from the budget two years ago.
That is three-tenths of one percent of the total revenues during that period of more than four trillion dollars--and those are nominal dollars, not adjusted for inflation.
One way of finding out is to measure the price of gasoline in terms of "constant" dollars instead of nominal dollars.
 
 
 
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