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GDP: Constant & Current Prices (for UPSC CSE)
Lesson 4 of 9 • 741 upvotes • 9:49mins
Israel Jebasingh
This lesson explains the concept of Gross Domestic Product. It highlights Constant Prices, which is the total quantity of all final goods and services produced in a particular year multiplied by the price of the base year and Current Prices, which is basically the maximum retail price. Both the concepts are explained through examples.
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