Unless I misunderstand the question, it is a yard (36 inches), which has nothing to do with its width.
A yard of length is always 36", it has nothing to do with the width which could be from 42" to 60".
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A yard of fabric is typically 36 inches long. So, if the fabric is 54 inches wide, it would be 54 inches by 36 inches, which is equivalent to 1.5 yards by 1 yard.