multiple choice question\nwhat is accomplished by dividing the nominal quantity by a price index expressed…

multiple choice question\nwhat is accomplished by dividing the nominal quantity by a price index expressed as a fraction for the period?\nconversion of a real quantity into a nominal quantity\nconversion of a nominal quantity into a real quantity\ncalculation of a real quantity without accounting for inflation\ncalculation of a nominal quantity without accounting for inflation

multiple choice question\nwhat is accomplished by dividing the nominal quantity by a price index expressed as a fraction for the period?\nconversion of a real quantity into a nominal quantity\nconversion of a nominal quantity into a real quantity\ncalculation of a real quantity without accounting for inflation\ncalculation of a nominal quantity without accounting for inflation

Answer

Brief Explanations:

Dividing a nominal quantity by a price - index (expressed as a fraction) adjusts for inflation. This process converts a nominal quantity (which is affected by price - level changes) into a real quantity (which is adjusted for inflation and represents the actual quantity of goods or services).

Answer:

Conversion of a nominal quantity into a real quantity