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Antonia Posted 21 years ago
Vocabulary

Constant dollars

0 Hello everybody! 02br
00Can anyone explain in simple words (as to a five-year old:))) what does this mean? 02br
00Thanks 0-
  

Top answer

0 Hi, 02br 00I got this definition from google, maybe it will help. There's lots more available. I wouldn't try explaining it to my 5-year-old.

— Clive

  • 0 Hi, 02br 00I got this definition from google, maybe it will help.
  • There's lots more available.
  • I wouldn't try explaining it to my 5-year-old.
  • 50 in constant dollars of 1976, when the stock was purchased.
  • 02br 00A convention of statistics that measures industrial output and the like over time while controlling for changes owing to inflation.
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3 Answers
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0 Hi, 02br
00I got this definition from google, maybe it will help. There's lots more available. I wouldn't try explaining it to my 5-year-old. 02br
02br
00Dollars reported in terms of the value they had on a previous date: The dividend of $5 per share that was paid in 1986 was worth only $2.50 in constant dollars of 1976, when the stock was purchased. 02br
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0 Constant dollars: Dollars evaluated over time in such a way that the effects of inflation are discounted. 02br
02br
00Suppose for the sake of argument that the dollar in 2000 is considered the standard dollar. 02br
00Say that today, in 2005, a dollar now buys what 80 cents would have bought in 2000, our chosen standard year. 02br
02br
00To re
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0 Thanks a lot, it's helpful (believe it or not) 0-
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