Economy, asked by Manukrishnan9666, 1 year ago

Identify+the+current+year's+figures+at+constant+prices

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Answered by ace65783

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$<u><b><i>Constant prices are a way of measuring the real change in output. A year is chosen as the base year. ... This shows the UK real GDP – GDP adjusted for inflation and measured with constant prices. A difficulty with using constant prices is that the typical basket of good changes.$

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