Real vs Nominal Values – AS/A LEVELS/IB/IAL

Courses Info

Level: AS Levels, A Level, GCSE – Exam Boards: Edexcel, AQA, OCR, WJEC, IB, Eduqas – Economics Revision Notes

Real values

Real values do not include the impacts of inflation.

Nominal values

Nominal values are the current values that include the impacts of inflation.

Economics Tutor