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The price of a Honda Accord

a. and the price of a Honda Accord divided by the price of a Honda Civic are both real variables

b. and the price of a Honda Accord divided by the price of Honda Civic are both nominal variables.

c. is a real variable, and the price of a Honda Accord divided by a Honda Civic is a nominal variable.

d. is a nominal variable and the price of a Honda Accord divided by the price of a Honda Civic is a real variable.

User Bryce York
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1 Answer

6 votes

Answer:

d. is a nominal variable and the price of a Honda Accord divided by the price of a Honda Civic is a real variable.

Step-by-step explanation:

In domain of economics, nominal varable are value that can be measured in terms of it's monetary value of the price that exist at that particular period of time. For instance blood type and genotype.

real value on the other hand is been measured based on goods/services, it's is the value even when inflation has set in.

User Klee
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