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  • About the Economic Futures Hub
  • Unit 1: Economics of the Market
  • Unit 2: UK Economic Activity
  • Unit 3: Global Economic Activity
  • Data for Applied Economists

Real Values

Flashcard Definition

Real values are ones which are adjusted for inflation, allows us to understand prices not just in terms of nominal (money) value but in terms of goods and services.

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Real Values

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Related content:
Adjusting nominal values to real values (article) | Khan Academy

Learn how and why we adjust GDP numbers for inflation.

www.khanacademy.org

Adjusting nominal values to real values (article) | Khan Academy
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