Deflating: Nominal to Real with a Price Index (Real Revenue & Real Wages)
This lesson is part of the course
In this lesson
You turn the café's nominal revenue into constant 2021 dollars, restate past wages in 2026 dollars and measure real growth correctly.
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Lessons in this course
- Simple Index Numbers & Rebasing (Base = 100) Locked
- Price Relatives & Unweighted Indices: Carli, Dutot, Jevons Locked
- The Laspeyres Price Index: a Fixed Basket with SUMPRODUCT Locked
- Paasche & the Fisher Ideal Index: Substitution Bias Locked
- Quantity & Value Indices: Price × Quantity = Value Locked
- Chain-Linking an Annual Index Locked
- Deflating: Nominal to Real with a Price Index (Real Revenue & Real Wages) Locked
- Weights & Contributions: Which Item Drove Inflation? Locked