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25 February, 11:46

What is Constant prices with no inflation

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  1. 25 February, 12:00
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    GDP. Constant prices are a way of measuring the real change in output.

    GDP is the sum of all final goods and services produced by a country, state or city, usually in one year. All countries calculate their GDP in their respective currencies.
  2. 25 February, 12:05
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    Constant price with no inflation is known as gross domestic production (GDP), since constant price adjust itself for the inflation effects.
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