A) Current price
B) market price
C) Constant price
D) none of the above
Correct Answer: C
Solution :
[c] Data reported in current (or "nominal") prices for each year are in the value of the currency for that particular year. For example, current price data shown for 2016 are based on 2016 prices, for 2015 are based on 2015 prices, and so on. Constant series show the data for each year in the value of a particular base year. Thus, for example, data reported in constant 2011 prices show data for 2015, 2016 and all other years in 2011 prices.
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