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What is base year & current …

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What is base year & current year price

Posted by Aman Malhotra 6 years, 11 months ago

CBSE > Class 12 > Economics

3 answers

Mohd Shariq Ms Raza 6 years, 11 months ago

Hello muskaan

Mohd Shariq Ms Raza 6 years, 11 months ago

base year and current year price changing the community of goods and services at a national income

Muskan Khatri 6 years, 11 months ago

Base year is the constant year ( probably the one free from political turmoil, or economic crisis.. Like you may find 2011 in many questions..) Whereas current year is the changing one, say 2013, 2014, 2019 .. We compare the prices of our current year to that of base year to know the change in GDP ...

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