In economics, nominal refers to a value that is stated in current dollars, without adjusting for inflation. This means that a nominal value reflects the actual price paid at a specific point in time, but doesn’t account for changes in purchasing power over time. For example, a $100 salary in 1950 would have a significantly different purchasing power than a $100 salary today.
Here are 10 sentences using the word “nominal”:
- The nominal interest rate on the loan was 5%, but after accounting for inflation, the real interest rate was only 2%.
- The company reported a nominal increase in profits, but their real profits actually decreased due to rising costs.
- The nominal value of the stock market was at an all-time high, but the real value was lower than it had been a few years ago.
- The nominal GDP of the country grew by 3%, but the real GDP growth was only 1%.
- The government announced a nominal increase in the minimum wage, but it was not enough to keep up with inflation.
- The nominal price of gasoline has gone up in recent years, but the real price has actually stayed relatively stable.
- The nominal value of the house was $500,000, but its real value was probably closer to $400,000 due to inflation.
- The nominal wage for the job was $15 per hour, but the real wage was only $12 per hour after adjusting for inflation.
- The nominal cost of the product was $10, but the real cost was probably closer to $12 after accounting for inflation.
- The nominal interest rate on the savings account was 0.5%, but the real interest rate was actually negative due to inflation.
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Synonyms
- in name/title only
titular
formal
official
ceremonial
theoretical
purported
supposed
ostensible
self-styled
so-called
would-be
The Titular King
In a kingdom once renowned for its grandeur, a young man named Arthur ascended to the throne. However, his reign was far from glorious. Arthur was a in name/title only king, a titular ruler. The true power lay in the hands of a cunning advisor named Lord Mortimer, who had manipulated the young prince into a formal position of authority.
While Arthur wore the crown and attended official ceremonies, his decisions were merely a theoretical formality. Mortimer, the true ruler, pulled the strings behind the scenes, using the young king as a purported figurehead.
Arthur was a supposed monarch, an ostensible king. He was a self-styled ruler, a so-called sovereign. The people were led to believe that Arthur was a wise and just king, but in reality, he was a would-be leader, a mere puppet controlled by a more powerful force.
Arthur’s reign was a farce, a mockery of true monarchy. He was a titular king, a name without substance, a symbol of a kingdom that had long since lost its meaning.
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- token
- symbolic
- emblematic
- peppercorn
- tiny
- minute
- minimal
- small
- infinitesimal
- insignificant
- trifling
- not worth mentioning
- not worth bothering about
- exiguous
- minuscule
- piddling
- piffling
- nickel-and-dime
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The Token of Hope
In a kingdom ravaged by war, a young princess named Anya found herself alone and lost. Her family had been killed, her kingdom destroyed. With nothing left but a small, worn locket, she fled into the wilderness.
The locket was a token of her mother’s love, a symbolic reminder of happier times. It was a tiny gold pendant, shaped like a heart. Inside, there was a minute piece of cloth, embroidered with a minimal pattern of flowers.
As Anya wandered through the desolate landscape, the locket became her only source of comfort. It was a small reminder of the beauty that once existed in her world. It was an infinitesimal piece of hope in a sea of despair.
Despite her hardships, Anya refused to give up. She clung to the locket, believing that it held the key to her salvation. It was a trifling object, perhaps, but to her it was everything.
One day, as Anya was searching for food, she stumbled upon a hidden village. The villagers, fearing the invaders, had retreated to this secluded spot. When they saw Anya, they were hesitant to help. But when they noticed the locket around her neck, their eyes filled with recognition.
The locket, it turned out, was a peppercorn of hope, a tiny symbol of resistance. It was a minute reminder of the kingdom’s former glory. And it was a minimal yet powerful force for change.
Inspired by Anya’s courage and the symbolic power of the locket, the villagers rallied together. They fought back against the invaders, and in the end, they were victorious.
Anya’s journey had been a token of hope, a symbolic reminder that even in the darkest of times, there is always a glimmer of light. The locket, once a tiny object of sentimental value, had become an infinitesimal force for good. It was a insignificant piece of jewelry, perhaps, but it was a trifling reminder that even the smallest things can have a profound impact.
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The Token of Hope
In a desolate land ravaged by war and famine, a young girl named Anya clung to a token of hope. It was a small, silver pendant, symbolic of the love her mother had given her before she passed away. The pendant was a tiny thing, no larger than a minute speck of dust. Yet, to Anya, it was everything.
The pendant was a minimal reminder of the life she had once known, a small piece of her mother’s love that she carried with her wherever she went. It was a infinitesimal thing, but it gave her strength and courage in the face of adversity.
Anya’s life was filled with insignificant hardships. She went hungry, she slept in the cold, and she faced the constant threat of violence. But the pendant was a trifling reminder that there was still beauty and goodness in the world.
The pendant was a not worth mentioning thing, a not worth bothering about object. But to Anya, it was a exiguous source of comfort, a minuscule spark of hope in a world filled with darkness.
The pendant was a piddling thing, a piffling trinket. But it was the only thing that kept Anya from despairing. It was a nickel-and-dime reminder that even in the darkest of times, there is always a glimmer of light.
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