166 Outcome: Price Indexes and Real Data

What you’ll learn to do: use a price index to translate between real and nominal data

In this section, you will learn about the importance of looking at “real” data—information that has been adjusted for inflation, and why doing so can help economists to get a more accurate assessment of a value.

LEARNING ACTIVITIES

The learning activities for this section include:

  • Reading: Nominal and Real Values
  • Reading: Computing Real Values Using Price Indexes
  • Self Check: Price Indexes and Real Data

Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.

License

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ACC Principles of Macroeconomics by Lumen Learning is licensed under a Creative Commons Attribution 4.0 International License, except where otherwise noted.

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