Economics B A-Level
Inflation measurement
What Inflation measurement means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Inflation measurement
Check what you remember
Read the wording for your board, then hide it and explain Inflation measurement in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Using index numbers to compare changes over time, where interpreting an index reveals prices have risen by a percentage since the base year.
Topics that use Inflation measurement
- Appendix 3: Quantitative skills (Pearson Edexcel A-Level)
Related terms
- Base year
- Cross elasticity of demand
- Data interpretation
- Fraction
- Income elasticity of demand
- Index numbers
- Marginal cost
- Nominal values
Using Inflation measurement in the exam
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