multiple choice question\ndividing a nominal quantity by a price index to express the quantity in real terms…

multiple choice question\ndividing a nominal quantity by a price index to express the quantity in real terms is called \ndeflating a nominal quantity\ninflation\nnegative inflation\ndeflation

multiple choice question\ndividing a nominal quantity by a price index to express the quantity in real terms is called \ndeflating a nominal quantity\ninflation\nnegative inflation\ndeflation

Answer

Brief Explanations:

Deflating a nominal quantity involves dividing it by a price - index to convert it into real - terms. Inflation is the general increase in prices over time, negative inflation is a decrease in the general price level (deflation), but they are not the act of converting nominal to real.

Answer:

deflating a nominal quantity