Constant prices
The National accounting can be established at current prices or at constant prices . This distinction appears interesting when one wants to measure the evolution of GDP in time.
Thus, the GDP with current prices is measured at the prices actually practiced during the studied Année. (For example, the GDP of 2000 measured at current prices means that one took into account the present prices in 2000). It is the GDP in value .
Contrary, with constant prices , one chooses the one year prices known as under review: one makes as if the prices remained constant each year, by not taking account of the Inflation. It is the GDP in volume, because it makes it possible to estimate the volume of the production.
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