Topic Videos
Maths Made Easy for A-Level Economics - Nominal to Real Conversions
- Level:
- AS, A-Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 22 May 2019
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.
You might also like
Monetary Policy - Interest Rates and Inequality
Study Notes
Evaluation on Low Interest Rates and the UK Economy
Exam Support
Real Interest Rates
Topic Videos
Labour Market: Sainsbury's raises pay to £10 an hour
8th January 2022
Disposable Incomes - The Big Squeeze Continues
9th January 2023