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"So zero acceleration tends to correspond to constant prices (compared to a year ago) and negative acceleration to falling prices.
For each dollar of GDP (in constant prices) rich economies now use nearly 50% less oil than in 1973.
Indeed, national income at constant prices increased nearly threefold between 1801 and 1851, substantially more than the increase in population.
Between 2000 and 2010 Italy's average growth, measured by GDP at constant prices, was just 0.25% a year.
At constant prices, Iceland's GDP grew by 1.9% in 2014 to beat a GDP record dating back to pre-crisis levels, according to Statistics Iceland.
where x ¯ is the gross outputs vector in constant prices.
Each price-equilibrium is defined by constant prices and demands.
All figures are measured at constant prices of 2010.
Then the derived final demand stimulus vector in constant prices is used to predict the gross outputs in constant prices and any other factor using the IO framework in constant prices.
The constant prices are the ones from the base year - whichever that is.
The IO table in constant prices is exactly similar to Table 1, the only difference being that all flows are expressed in constant prices.
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CEO of Professional Science Editing for Scientists @ prosciediting.com