nominal
Economics
(adjective)
Without adjustment to remove the effects of inflation (in contrast to real).
Statistics
(adjective)
Having values whose order is insignificant.
Examples of nominal in the following topics:
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Nominative
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Differences Between Real and Nominal Rates
- Nominal rate refers to the rate before adjustment for inflation; the real rate is the nominal rate minus inflation: r = R - i or, 1+r = (1+r)(1+E(r)).
- The real rate is the nominal rate minus inflation.
- The relationship between real and nominal rates can be described in the equation:
- Where r is the real rate, i is the inflation rate, and R is the nominal rate.
- The relationship between real and nominal interest rates is captured by the formula.
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Nominating Candidates
- Nomination is the process through which political candidates are chose to campaign for election to office.
- Nomination is part of the process of selecting a candidate for election to office.
- In order to have their names listed on election ballots, individuals seeking these offices must first be nominated.
- To nominate candidates, political parties hold primary elections.
- In modern presidential campaigns, however, nominating conventions are largely ceremonial.
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The Nomination Process
- It is the president's responsibility to nominate federal judges and the Senate's responsibility to approve or reject the nomination.
- The president nominates all federal judges, who must then be approved by the Senate .
- Bush nominated the judicially experienced and reputedly ideologically moderate David H.
- Nominations go to the Senate Judiciary Committee, which usually holds hearings.
- Federal judges, such as Supreme Court Justices, must be nominated.
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Calculating Real GDP
- The nominal GDP is the value of all the final goods and services that an economy produced during a given year.
- In economics, a nominal value is expressed in monetary terms.
- For example, a nominal value can change due to shifts in quantity and price.
- It transforms the money-value measure, nominal GDP, into an index for quantity of total output.
- This image shows the nominal GDP for a given year in the United States.
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The Five Declensions
- The Vocative is regularly like the Nominative, except in the singular of nouns in -us of the Second Declension.
- In Neuters the Accusative and Nominative are always alike, and in the Plural end in -ă.
- In the Third, Fourth, and Fifth Declensions, the Accusative Plural is regularly like the Nominative.
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The GDP Deflator
- It is a price index that measures price inflation or deflation, and is calculated using nominal GDP and real GDP.
- In other words, real GDP is nominal GDP adjusted for inflation.
- If there is no inflation or deflation, nominal GDP will be the same as real GDP.
- The GDP deflator is calculated by dividing nominal GDP by real GDP and multiplying by 100 .
- It is calculated by dividing nominal GDP by real GDP and multiplying by 100.
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High Resolution Spectra
- Because the strong nuclear forces that bind the components of an atomic nucleus together vary, the actual mass of a given isotope deviates from its nominal integer by a small but characteristic amount (remember E = mc2).
- By designing mass spectrometers that can determine m/z values accurately to four decimal places, it is possible to distinguish different formulas having the same nominal mass.
- Since a given nominal mass may correspond to several molecular formulas, lists of such possibilities are especially useful when evaluating the spectrum of an unknown compound.
- Composition tables are available for this purpose, and a particularly useful program for calculating all possible combinations of H, C, N & O that give a specific nominal mass has been written by Jef Rozenski.
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Real Versus Nominal Rates
- Real exchange rates are nominal rates adjusted for differences in price levels.
- A nominal value is an economic value expressed in monetary terms (that is, in units of a currency).
- The real exchange rate is the nominal rate adjusted for differences in price levels.
- The nominal exchange rate would be A/B 2, which means that 2 As would buy a B.
- Calculate the nominal and real exchange rates for a set of currencies
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Hosting Conventions
- Political parties in the United States that will be fielding nominees in an upcoming U.S. presidential election are responsible for hosting presidential nominating conventions.
- Another formal purpose of presidential nominating conventions is to adopt the rules for a given party's activities, such as the presidential nominating process for the following election cycle.
- Nominating conventions also carry significance beyond their formal purposes.
- Due to the national media presence surrounding presidential nominating conventions, they are also excellent tools to showcase a given party's leaders and policies to prospective voters.
- Presidential nominating conventions, like the Democratic National Convention, host influential speakers to increase party unity.