what is the difference between nominal and actual dimensions?
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Nominal measurements traditionally refer to the size of the board when it was first rough cut, before it was dried and planed (smoothed). Actual measurements are the actual final size of the lumber after it has been dried and planed.
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What is the difference between nominal national income and real national income? ... Nominal GDP- It measures the value of national output at current price with NO adjustment for effect of inflation. Real GDP- It measures the value of national output with a constant price level and adjusting the inflation rate.
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Interest rates can be expressed in two ways: as nominal rates or real rates. The difference is that nominal rates are not adjusted for inflation, while real rates are adjusted. ... But the nominal rates are what you'll see advertised on an investment product.
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- Nominal mix specifies the proportion of the cement , sand and aggregates without making special effort to know their individual properties. Nominal mix has Volumetric batching. However , design mix is a process where each and every ingredient of the concrete is first tested in the laboratory .
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Nominal, ordinal, or numerical variables? ... Nominal data is classified without a natural order or rank, whereas ordinal data has a predetermined or natural order. On the other hand, numerical or quantitative data will always be a number that can be measured.
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In two dimensions, you are measuring area (length and width). In three dimensions, you are measuring volume (length, width, and height).
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A modular brick has a set of nominal, specified and actual dimensions as referenced above. A non-modular brick has a set of specified and actual dimensions but does not have nominal dimensions. Brick are available in many sizes and are referred to by many different names, depending on region.
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Nominal and Actual Thicknesses Thus, a plywood sheet with a nominal thickness of 3/8 inch is actually 11/32 inch thick. ... These correspond to actual thicknesses of 1/8, 1/4, 11/32, 15/32, 19/32, 23/32, 1 1/8 and 1 1/4 inches, respectively.
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Dimension means size for engineering, formally or informally, and has a vector property associated with it. One can refer to the dimension "length" of a couch when buying furniture or on a mechanical drawing designing it. "Size" is more general. The words are synonyms; it is the usage which differs.
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Nominal GDP is also referred to as the current dollar GDP. Real GDP takes into consideration adjustments for changes in inflation. ... The main difference between nominal GDP and real GDP is the adjustment for inflation. Since nominal GDP is calculated using current prices it does not require any adjustments for inflation.
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Nominal scale is a naming scale, where variables are simply “named” or labeled, with no specific order. Ordinal scale has all its variables in a specific order, beyond just naming them. Interval scale offers labels, order, as well as, a specific interval between each of its variable options.
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(a) What is the difference between the terms 'dimensions' and 'resolution' when applied to digital images? Dimensions refers to the total number of pixels along an image's width and height. ... Resolution refers to the density of pixels in an image – the greater the density, the greater the image sharpness and clarity.
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The balance in a real account is the net amount after subtracting decreases from increases in the account. Nominal accounts are those reported in the income statement, which is the summary of the revenue and expenses of a business for a period of time. Balances in nominal accounts are cumulative over a period of time.
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Nominal Dimension is a standard by which a product is identified, it does not necessarily have to match any of the dimensions of the product. For Example reinforcing steel is stated to have a specific nominal diameter. ... As regards average dimension, then it is a mean of a number of the dimensions.
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Nominal data can be both qualitative and quantitative. However, the quantitative labels lack a numerical value or relationship (e.g., identification number). On the other hand, various types of qualitative data can be represented in nominal form.
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A Nominal Scale is a measurement scale, in which numbers serve as “tags” or “labels” only, to identify or classify an object. A nominal scale measurement normally deals only with non-numeric (quantitative) variables or where numbers have no value. Below is an example of Nominal level of measurement.
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Economists use the BEA's real GDP headline data for macroeconomic analysis and central bank planning. The main difference between nominal GDP and real GDP is the adjustment for inflation. Since nominal GDP is calculated using current prices it does not require any adjustments for inflation.