Edexcel A-Level Economics A2 Qs7 Nominal and Real Values Topic Practice

Pearson Edexcel IAL Economics

Unit 3: Business Behaviour

3.3.1 - Types and sizes of businesses

3.3.2 - Revenue, costs and profits

3.3.3 - Market structures and contestability

3.3.4 - Labour markets

3.3.5 - Government intervention

Unit 4: Developments in the Global Economy

4.3.1 - Causes and effects of globalisation

4.3.2 - Trade and the global economy

4.3.3 - Balance of payments, exchange rates and international competitiveness

4.3.4 - Poverty and inequality

4.3.5 - The role of the state in the macroeconomy

4.3.6 - Growth and development in developing, emerging and developed economies

Assessed quantitative skills

Core quantitative skills assessed within the 20% minimum

QS1—Ratios and fractions

QS2—Percentages and percentage-point changes

QS3—Means, medians and quantiles

QS4—Standard graphical forms

QS5—Index numbers

QS6—Revenue, cost and profit calculations

QS7—Nominal and real values

QS8—Elasticity calculations

QS9—Analysing economic information

Additional assessable quantitative skills

Question Bank/A-Level Edexcel Economics/A2/Assessed quantitative skills/Core quantitative skills assessed within the 20% minimum/QS7—Nominal and real values

Question typeDifficulty