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in real time “Meanwhile, tuition fees have nearly doubled, in real terms, in 20 years. Student debt, at nearly $1.2 trillion, has surpassed credit-card debt and car loans.” 1the meaning of "IN REAL TIME" www.economist.com/news/leaders/21647285-more-and-more-money-being-spent-higher-education-too-little-known-about-whether-it?frsc=dg%7Ca&fsrc=scn/tw_app_ipad http://www.economist.com/news/leaders/21647285-more-and-more-money-being-spent-higher-education-too-little-known-about-whether-it?frsc=dg%7Ca&fsrc=scn/tw_app_ipad via Instapaper
Mar 28, 2015 2:30 PM
Answers · 2
1
"Real terms" is a piece of economic/accounting jargon. Contrast it with "nominal terms". The "nominal value" of a $1 note (ie its value in "nominal terms") remains the same over time. Its "real value" (ie its value in "real terms") changes over time due to the effect of inflation.
March 28, 2015
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