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