Economics B A-Level
Constant prices
What Constant prices means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Constant prices
Check what you remember
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Reference: Pearson Edexcel
Prices that use a chosen base year to adjust for inflation, allowing for meaningful historical comparisons.
Topics that use Constant prices
- Inflation (Pearson Edexcel A-Level)
Related terms
- Business uncertainty
- Cost-push inflation
- Deflation
- Demand-pull inflation
- Disinflation
- Inflation
- Investment
- Nominal values
Using Constant prices in the exam
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