Business A-Level
real and nominal values
What real and nominal values means in Business A-Level, as defined for AQA.
Definition of real and nominal values
Check what you remember
Read the wording for your board, then hide it and explain real and nominal values in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Nominal revenue is deflated by a price index to test whether revenue grew in real terms.
Topics that use real and nominal values
- Annex: quantitative skills in business (AQA A-Level)
Related terms
- analysis
- average rate of return
- averages
- axes and scales
- base year
- benchmarking
- break-even charts
- break-even output
Using real and nominal values in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
Practise Business questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
Start free
All Business A-Level termsA week of Premium from your first lesson · Then the free plan continues · No card, no charge