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

MCQ revision money GDP and real GDP - revision video

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