Base year
What Base year means in Economics B A-Level, as defined for Pearson Edexcel.
Definitions of Base year
Exam boards and our study guides word this term in slightly different ways. Learn the version your board uses.
Check what you remember
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Reference: Pearson Edexcel
The year against which other years are compared, assigned a value of 100, whose raw value is divided into the target year's raw value.
The year against which other years are compared, always assigned an index value of 100.
Topics that use Base year
- Appendix 3: Quantitative skills (Pearson Edexcel A-Level)
- Growing economies (Pearson Edexcel A-Level)
Related terms
- Index numbers
- Nominal values
- Price index
- Real values
- Cross elasticity of demand
- Data interpretation
- Demand-pull inflation
- Economic growth
Using Base year in the exam
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