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- Dictionarynominal/ˈnɒmɪnl/
adjective
- 1. (of a role or status) existing in name only: "Thailand retained nominal independence under Japanese military occupation" Similar Opposite
- 2. (of a price or charge) very small; far below the real value or cost: "they charge a nominal fee for the service" Similar Opposite
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Nominal Data Nominal data is named data which can be separated into discrete categories which do not overlap. A common example of nominal data is gender; male and female. Other examples include eye colour and hair colour. An easy way to remember this type of data is that nominal sounds like named, nominal = named. Ordinal Data
While Potential Output is the change in the productive potential of a economy over time. To put this in simpler terms actual output is growth that has actually happened in real life, while potential output is how much growth the economy could achieve. The difference between actual output and potential output is known simply as the output gap.
A codified constitution is one which is written down within a single document, for example, the Constitution of the United States (1787).Some countries, including New Zealand, Israel, and the United Kingdom have constitutions which are uncodified. This does not necessarily mean that they are unwritten, merely that the constitutional framework ...
When a firm is making a supernormal profit, this refers to a profit level at which new firms are willing to enter the market. This suggests that the firms currently in the market are making a profit level above what can be expected from this market and the activities relating to production. Therefore, in a perfect market new firms will enter ...
The dependent varible is defined as the thing which is being measured in an experiment, whilst the independent variable is the thing that is being manipulated or changed. Extraneous variables are undesirable variables that influence the relationship between the variables that the experimenter is observing. For example: An experimenter was ...
E.g income tax (comes straight from the individuals' income) or corporation tax (comes straight from the firm). Indirect taxes are taxes on goods and services, which can then be passed onto the consumer by the producer - although this doesn't always happen. E.g VAT. Direct taxes are paid to the government straight from the individual or group ...
On the other hand, a cyclical deficit arises as a result of the operation of the automatic stabilisers: for example, when an economy enters a downturn, it will need to increase the level of its benefit payments (e.g JSAs for the unemployed) and will also receive less tax revenue. This will cause the cyclical deficit to swell.
Define and Explain the RICE Principle. Rest - Stopping doing the activity to prevent greater injury. Ice - Apply ice to the injury to reduce inflammation. Compression - Apply pressure to the injury to reduce inflammation. Elevation - Raise the injured body part to reduce bloodflow to the area. Answered by Matt M. • Physical Education tutor.
define 1 volt. A volt is a joule per coulomb.If you're struggling to remember try and picture the situation. Imagine current as individual units of charge passing through a battery. The charge has passed round the whole circuit and 'given' its energy to the components in the circuit by the time it reaches the battery so it needs to get some more.
The first difference between these two constitutional types is their source. A codified constitution is contained within one single document, whereas the source of a uncodified constitution is spread across statute, common law and constitutional convention. For example, the entire constitution of the United States, both the original text and ...
