Learn: Percentages and Percentage Change — Real vs Nominal
AQA A level economics 7136 specification
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Match the items on the left with their correct pairs on the right
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What does a percentage represent?
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The formula for percentage change is {{blank0}} divided by original value, multiplied by {{blank1}}.
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What is the main difference between real and nominal values?
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If nominal GDP grows by 6% and inflation is 2%, what is the real GDP growth rate?
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Which of the following statements about real and nominal values are true? (Select all that apply)
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