Real versus Nominal Values: Let’s Go to the Movies!
Teach your economics students about the difference between real and nominal values with this activity that uses movies as a learning tool. Students will learn how to adjust a value like a ticket price for inflation, giving the real value.
- Real values
- Nominal values
- Cost of living
Quick Pick: Steps 1 through 3 (5 minutes)
Power Up: Steps 1 through 7 (10 minutes)
Deep Dive: Steps 1 through 8 (20 minutes)