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What is the difference between 'real wage' and 'nominal wage'?
blAH BLAH BLHA
How can one calculate the real wage rate?
To calculate the real wage rate, you need to divide the nominal wage rate by the price level index. This will give you the purchasing power of your wages after accounting for inflation.
What is nominal price and real price?
Real price is in a mud nominal price is in your FACE
How does the real interest rate relate to the nominal interest rate?
A real interest rate and a nominal interest rate are quite similar. The only real difference between the two interest rates are that a nominal interest rate include the cost of inflation where as the real interest rate does not.
How can an increase in nominal income and a decrease in real income occur simultaneously?
real income is the change with inflation taken into account, nominal income is purely the change of income therefore if inflation was to be 5% and nominal income increased by 2% there would be a real income decrease of 3%
What is the difference between 'real wage' and 'nominal wage'?
blAH BLAH BLHA
How can one calculate the real wage rate?
To calculate the real wage rate, you need to divide the nominal wage rate by the price level index. This will give you the purchasing power of your wages after accounting for inflation.
What is nominal price and real price?
Real price is in a mud nominal price is in your FACE
Liabilities is real accounts or nominal accounts?
nominal account.
How do you distinguish between money wage and real wage?
Real Wage = Money Wage / Price Index Real wage measures purchasing power, that is what an hour's labor can buy.
Is depreciation real or nominal account?
It is a real contra account. The nominal account associated with depreciation is depreciation expense.
If the minimum wage is set above the market wage the?
Unemployment will rise.
Is accumulated depreciation real or nominal account?
It is a real contra account. The nominal account associated with depreciation is depreciation expense.
Is inventory a nominal account?
real
What is the key friction that gives rise to nominal price rigidities and non neutral effects of monetary policy?
Temporary price rigidities are the key friction that gives rise to nominal price rigidities.
Is suspense account a nominal account?
Not necessarily. It can be of any type. Real, Personal or Nominal.
Is Sales Account nominal or real account?
real accounts
