Economic Data

Question 1

base period

Answer 1

the period with which all other values in a series are compared

Question 2

Index number

Answer 2

an indicator showing the relative value of one number to another from a base of 100, often used to present an average of a number of statistics

Question 3

nominal values

Answer 3

values not adjusted for inflation

Question 4

real values

Answer 4

values adjusted for inflation