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Nominal and Real Values

Nominal and Real Values

A nominal value is measured using the prices of the day. It is a money figure that has not been adjusted for inflation, such as this year's wage in pounds.

4.6.3 distinction between money values (nominal) and real data Lesson

  1. Intl A Level
  2. /Economics
  3. /4.6.3 distinction between money values (nominal) and real data

Step-by-step lessons on CIE Intl A Level Economics 4.6.3 distinction between money values (nominal) and real data. Each one builds up to exam-style questions.

Lessons