U.S. GRADE & SUBJECT QUESTION BANKS
Grade 12 social studies.
2 skills. Questions, hints and worked examples.
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Worked example
Use real value = nominal value ÷ price index × 100. Nominal output is 240 and the index is 120. What is the adjusted value?
Answer & why
Answer: 200
240 ÷ 120 × 100 = 200 in the stated base-price units.