Aggregate Expenditure & Multiplier Challenge
A randomised challenge covering aggregate expenditure, MPC/MPS, the spending multiplier, AE=Y diagrams, stimulus calculations and AD component data interpretation.
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Economics & Business · Macroeconomics
Index Numbers and Real vs Nominal Values Interactive
Construct a fixed-basket price index using quantities and base-year and current prices. Students adjust prices, calculate nominal versus real values and investigate how changes in the cost of living affect purchasing power. The full interactive is available to licensed Education Universe users.
Years 11–12Guided investigationIndex Numbers
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Learning outcomes
- Calculate a weighted fixed-basket price index
- Interpret the percentage price change from a base period
- Deflate nominal income into base-year purchasing power
Teaching guidance
Ask students to calculate the base and current basket costs manually, then use the sliders to test which price changes most influence the index.
Classroom use
This licensed guided investigation supports teaching Index Numbers in Year 11. Teachers can use the resource as part of a lesson, investigation or classroom discussion. Full interactive access requires an eligible Education Universe licence or trial.
Use Index Numbers & Real vs Nominal Values with your class
Start a free 30-day trial with class codes and progress tracking, or talk to us about your school's licence.
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Index Numbers & Real vs Nominal Values is one of the licensed interactives in The Education Universe. This page describes it; teachers use it in lessons and classes with a licence or the free trial.