The nominal value of any economic statistic refers to the number that is actually announced at that time, while the refers to the statistic after it has been adjusted for inflation.

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

answerconversion factor;

answerpounds of plastic to purchase 200+60-20=(240);