Constant dollars are

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Constant dollars, also known as real dollars, are adjusted for inflation, meaning they are corrected for changes in the general price level. This allows for more accurate comparisons of economic data over time. Current dollars, on the other hand, are not adjusted for inflation and reflect the nominal value of money in a given period. Nominal GDP is measured in current dollars, not constant dollars. While an individual not receiving a cost of living increase may result in their income losing value in real terms, it is not the same as the concept of constant dollars.

Constant Dollars Are