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Edexcel A-Level Economics A2 Qs7 Nominal and Real Values Questions

Distinguish real from nominal growth when allowing for inflation. Use rates for the same period, apply the required adjustment and include the percentage unit in the answer.

Syllabus
First assessment 2019
Course
Economics XEC11/YEC11
Level
A2

Exam points

  • Estimate nominal GDP growth from real growth and inflation, using consistent periods and percentage units

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