constant price; comparable price
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Meanings
1 sense · 3 examplesnoun
constant price; fixed base year price
formalAn economic term referring to prices fixed at a chosen base year to eliminate the effect of inflation, allowing for fair comparison of economic data over time. Also called 不变价格 (bùbiàn jiàgé) or 固定价格 (gùdìng jiàgé).
Jīng经
jì济
xué学
jiā家
shǐ使
yòng用
kě可
bǐ比
jià价
gé格
lái来
píng评
gū估
shí实
jì际
jīng经
jì济
zēng增
zhǎng长
。
Economists use constant prices to assess real economic growth.
Bào报
gào告
zhōng中
de的
guó国
nèi内
shēng生
chǎn产
zǒng总
zhí值
shù数
jù据
shì是
àn按
kě可
bǐ比
jià价
gé格
jì计
suàn算
de的
。
The GDP data in the report is calculated at constant prices.
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Wǒ我
men们
xū需
yào要
jiāng将
míng名
yì义
jià价
zhí值
zhuǎn转
huàn换
wéi为
kě可
bǐ比
jià价
gé格
cái才
néng能
jìn进
xíng行
yǒu有
xiào效
bǐ比
jiào较
。
We need to convert nominal values to constant prices to make valid comparisons.