nominal values


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Nominal Value

1. See: Book value.

2. See: Par value.

nominal values

the face value of an asset, wage, profit etc. expressed in current money prices without any adjustment for changes in the level of prices over time. Compare REAL VALUE.

nominal values

the measurement of an economic aggregate (for example GROSS DOMESTIC PRODUCT) in terms of current prices. Because of price changes from year to year, observations based on current prices can obscure the underlying real trend. Contrast REAL VALUE.