The difference between a nominal variable and a real variable is that a. real variables are calculated in current-year prices and the nominal variables are measured in dollars of the base year to adjust for the effects of inflation. b. nominal variables are economic variables that are adjusted for inflation, whereas real variables are valued in today's dollars. c. real variables are divided by the price index and multiplied by 100 to obtain nominal variables. d. nominal variables are calculated in current-year prices and the real variables are measured in dollars of the base year for the price index to correct the effects of inflation.

Acontractor was awarded a purchase order for commercial items for $1.5 million under the authority of far subpart 13.5. the purchase order was issued in november 2010 and containedall applicable clauses that were current as of the date of the purchase order. under the purchase order, the contractor is required to comply with a small business subcontracting plan that contains all of the required elements. which of the following is true? a.the contractor must submit a standard form 294, subcontracting report for individual contracts. b.the contractor must submit an individual subcontracting report through the electronic subcontracting reporting system (esrs). c.the contractor may submit either an sf 294 or report its subcontracting through esrs. d.the contractor is not required to submit any subcontracting reports.