Openstax textbook - 19.2 Adjusting Nominal Values to Real Values. Make sure to have an understanding of real and nominal values. Economists distinguish between real and nominal values for many different quantities, such as interest rates, wages, not just GDP. Fill in the blank in the following sentence from the textbook: The value of any economic statistic means that we measure the statistic in terms of actual prices that exist at the time. A) nominal B) real .

1. Openstax textbook - 19.2 Adjusting Nominal Values to Real Values. Make sure to have an
understanding of real and nominal values. Economists distinguish between real and nominal
values for many different quantities, such as interest rates, wages, not just GDP. Fill in the blank
in the following sentence from the textbook: The value of any economic statistic means that we
measure the statistic in terms of actual prices that exist at the time. A) nominal B) real