Study Notes
Handling Data: Difference between Nominal and Real National Income (GDP)
- Level:
- AS, A-Level
- Board:
- AQA, Edexcel, OCR, IB
Last updated 2 Jul 2018
It is important to distinguish between the nominal and real value of a country's national output and income.
Test Your Knowledge - MCQ Money GDP and Real GDP
You might also like
Disposable Incomes - The Big Squeeze Continues
9th January 2023
Gross National Income
Topic Videos
UK Economy Update: Components of Aggregate Demand
25th November 2022
Understand The Economy with Tim Harford
3rd November 2022
UK Economy - Real Incomes Falling - Recession Risk Grows
3rd October 2022
Cost of Living Crisis - Two decades of real pay growth set to be wiped out
1st September 2022