Economics

Student Videos

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

Level:
AS, A Level, IB
Board:
AQA, Edexcel, OCR, IB, Eduqas, WJEC

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

Boston House,
214 High Street,
Boston Spa,
West Yorkshire,
LS23 6AD

Tel: +44 0844 800 0085

© 2021 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.