What is the difference between real money & nominal money?
Moderate cash is relevant to the evaluate of keeping track of. nominalfigure is what is published on the expenses. where as actual moneyrelates to it's buying energy.for eg:if 10 systems in nominal cash can buy 2 sweets in 1980 and 1 dark delicious chocolate in 2000, in the same way, 10 systems of nominalmoney is 10units of actual cash in 1980 and 5 systems of realmoney in 2000.Nominal cash associates more to its evaluate of keeping track of - so nominal determine of what is published on expenses, while "real" associates more to its buying energy (usually between some times of time). For example 100 systems in nominal could buy 2 systems of excellent in 1950 and 1 device of excellent in 2005, as well actual value of this 100 nominal systems are 100 actual systems in 1950 and 50 actual systems in 2005.
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