The nominal interest rate, also called the annualized percentage rate (APR), is the annual interest you pay for debt or receive for savings
before accounting for inflation.
That's
before accounting for inflation so your actual real return would be closer to 4 % annually.
A target for nominal GDP (or the sum of all money earned in an economy each year,
before accounting for inflation) is less radical than it sounds.
Not exact matches
By comparison, he adds, Nasdaq stocks hit a market value of more than $ 6 trillion
before the dotcom bubble burst, not
accounting for inflation.
By the time that decade ended, price - to - earnings ratios were in the single digits — but you had little or nothing to show
for buying cheap equities during the prior 15 years; and that's
before accounting for very high
inflation.
In the September quarter 2000, the CPI
inflation rate was 6.1 per cent, while the weighted median
inflation rate (
before accounting for the effect of the tax) was 5.4 per cent.
Commenters explained that $ 100 was inadequate because it was not proportional to the transaction, did not
account for inflation, or the variety of factors that can cause settlement costs to change within three to six business days
before consummation and that are out of the creditor's or the settlement agent's control.