Description
Multiply nominalAmount by indexBase/priceIndex for realAmount.
An economic model term depends on the chosen price basis, quantities, reference period, and behavioral assumptions. A supplied arithmetic component does not establish a causal economic effect or a complete model equilibrium.
Multiply nominalAmount by indexBase/priceIndex for realAmount.
When to use this tool
Use Base Period Real Nominal Price Crosswalk when you need one explicitly defined economic accounting or model component.
How to use the tool and how it works
- Enter nominalAmount, priceIndex, indexBase. Use the units and conventions below.
- Run the tool. Correct any format, range, or cross-field input error before interpreting the output.
- Read realAmount. Use the output convention below.
Require positive priceIndex and indexBase. Multiply nominalAmount by indexBase/priceIndex for realAmount.1
| Input field | Meaning and units | Accepted input |
|---|---|---|
| nominalAmount | Nominal Amount | Required. Finite number. |
| priceIndex | Price Index | Required. Finite number; strictly above 0. |
| indexBase | Index Base | Required. Finite number; strictly above 0. |
| Output field | Interpretation | Returned shape |
|---|---|---|
| realAmount | Real Amount | Required. Finite number. |
{
"input": {
"nominalAmount": 1200,
"priceIndex": 120,
"indexBase": 100
},
"output": {
"realAmount": 1000
}
}Limitations and assumptions
- Nominal amount can be signed; index base and coverage must be appropriate and this does not fetch inflation data or verify a real-price comparison.
- Inputs must satisfy both the field types and the cross-field conditions above. Invalid input causes an error; a successful false flag or documented placeholder is a different result.
- Numeric calculations use binary floating point unless exact decimal-integer arithmetic is explicitly stated. No hidden measurement tolerance or decimal rounding is added; nonfinite or out-of-contract results are rejected. Numeric signed-zero results are exported as zero.
Alternative or Complementary methods
Review the complete model, data definitions, and reference prices before interpreting the result.
References
Similar or alternative tools
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