Maths Made Easy for A-Level Economics - Nominal to Real Conversions
- AS, A-Level, IB
- 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.