Economics GCSE
Index numbers
What Index numbers means in Economics GCSE, as defined for AQA.
Definitions of Index numbers
Exam boards and our study guides word this term in slightly different ways. Learn the version your board uses.
Check what you remember
Read the wording for your board, then hide it and explain Index numbers in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Values used to compare prices to a base year, which is given an index value of 100.
A way of expressing the total cost of the basket, with a base year set at 100.
Numbers relative to a base year of 100, which does not have units like £ or %.
Topics that use Index numbers
- Inflation and price stability (AQA GCSE)
Related terms
- Aggregate demand
- Consumer Price Index (CPI)
- Consumer Prices Index
- Cost-push inflation
- Demand-pull inflation
- Fiscal policy
- Inflation
- International competitiveness
Using Index numbers 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 Economics questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
Start free
All Economics GCSE termsA week of Premium from your first lesson · Then the free plan continues · No card, no charge