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A Level Economics > Chapter 2 > Flashcards

Chapter 2 Flashcards

1
Q

What’s a scientific method?

A

Theories that need to be tested and proven or refuted.

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2
Q

What is a nominal value?

A

The current prices that are not adjusted for inflation

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3
Q

What is a real value?

A

The value adjusted for infaltion, (prives stay constant)

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4
Q

What are indices/index numbers?

A

Numbers that set a base of 100, used to simplify the comparison of the relative value of data,

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5
Q

How can data be interpreted?

A

Tables ( Tabular), Graphs (Graphical), Text (Verbal)

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A Level Economics (36 decks)

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