nominal
29
6.8
- adjective
- /ˈnɑːmɪnəl/
- Specialized
:
nominal
- These are actual nominal prices here that have fallen substantially.
- nominal rate
- nominal exchange rate
- nominal interest
People really really dislike nominal wage reductions.
- People really really dislike nominal wage reductions.
- Now that's not prices, those are nominal sales.
- Inflation linked bonds do well in environments of rising inflation where stocks and nominal government bonds do not.
- So what you do is you print a lot of money and then the real wage drops, even though the nominal wage stays the same.
- And we can now focus more on structural fiscal targets instead of nominal targets and more on structural reforms in the labour and product markets.
- I think they will go down even in nominal terms, but I think that there's going to be so much inflation that's going to continue to be created.
- But at a certain point, then the, the, the impact is felt by the real economy to a point where it really matters with nominal GDP or a real GDP.
Examples
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For example, between 1989 and 1990 alone, nominal average wages in the industrial sector decreased by approximately 2 percent.
Academic text (1994) -
As a result, a change in the money supply causes a change in nominal spending and ultimately the price level.
Academic text (2017) -
And importantly, because the US tax system is nominal, not real, it's the nominal interest rate I here that matters.
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Obviously for the base year, nominal GDP is the same as real GDP.
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However, there is a nominal fee for the beeper rental.
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We propose that all retail outlets... charge a nominal fee for plastic bags.
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Provide virtual workshops at nominal cost for preservice programs at universities that have student chapters.
Academic text (2015) -
The service is offered at a nominal fee, making it accessible to everyone.
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They only requested a nominal payment for processing the application, which is quite reasonable.
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Even a nominal increase in prices can significantly affect customer spending over time.
Antonyms
Compounds
- Specialized
1
9.7
A condition that makes it hard to say or recognize common object names
- Specialized
1
6.3
A price that a company writes on a share or bond, not the market price
- Formal
A small sum a court gives to show a legal right is broken without real loss
- Specialized
A group of words with a noun as the main word acting as subject or object
How Real
- Specialized
173
6.4
- Specialized
- Specialized
7
4.5
- Specialized
29
6.8
Surface Forms
Morphology
nominal = nomin + al
The economic sense is a specialized extension of the same opaque Latin-derived form and is not predictable from modern English parts.
Etymology
Nominal comes from the Latin nomen 'name', so a nominal value is the value given by name. That means it is the number 'on paper' and does not show the real buying power after price changes or inflation.