Term: Constant Dollar

Glossary Definition

Last Updated: 2016-06-01

Definition:

The value of currency in a single year, termed the base year, that is applied consistently to each year of data in the research project time period.

Source: modified from Statistics Canada definition available at: http://www.statcan.gc.ca/pub/75f0011x/2011001/notes/analytical-analytiques-eng.htm

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