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Maths Made Easy for A-Level Economics - Nominal to Real Conversions

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

Last updated 22 May 2019

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The difference between nominal and real data is explained in this short revision video for A Level Economics students.

Nominal data is current data at current prices

Real data is data that takes into account the effect of inflation i.e. data at constant prices.

Maths Made Easy for A-Level Economics - Nominal to Real Conversions
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