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Handling Economic Data - UK Oil and Gas Production

Level:
A-Level, IB Diploma
Board:
AQA, Edexcel, Eduqas, IB, OCR, WJEC

Last updated 21 Mar 2021

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This short revision video looks at changes in annual oil and gas production in the UK economy. Crucially, when the data is expressed at constant prices, this tells you that an adjustment has been made for the effects of inflation; in other words, we are dealing with the real value of a data series.

Handling Economic Data - UK Oil and Gas Production
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