Don't look at the relationship between "nominal" and actual pipe size then, as a Journeyman plumber once told an Engineer customer who kept asking about it.
Engineer: "What size is this?"
Plumber: '3/4"'
Engineer: *measures with a caliper*
"No it isn't"
Plumber: 'It's the nominal size'
*minutes of "discussion" follow*
Plumber: *sigh* '
'It's called that as a trade secret, just to confuse you.
Engineer: "AHA!"