Economics B A-Level
Current prices
What Current prices means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Current prices
Check what you remember
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Reference: Pearson Edexcel
The actual prices at the time data was collected, equivalent to nominal values.
Topics that use Current prices
- Inflation (Pearson Edexcel A-Level)
Related terms
- Business uncertainty
- Cost-push inflation
- Deflation
- Demand-pull inflation
- Disinflation
- Inflation
- Investment
- Nominal values
Using Current prices 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.
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