What Is Comparable Worth?

Comparable price (also known as comparable value) refers to the price used to calculate various aggregate indicators after deducting price changes. The constant price is mainly for comparison between the past years and between regions. It can eliminate the influence of price changes, so it is also called comparable price. The constant price is mainly used for statistics of the total industrial output value and is compiled by the state. ^[1]

Comparable price

Right!

Comparable price (also known as comparable value) refers to the price used to calculate various aggregate indicators after deducting price changes. The constant price is mainly for comparison between the past years and between regions. It can eliminate the influence of price changes, so it is also called comparable price. The constant price is mainly used for statistics of the total industrial output value and is compiled by the state. ^[1]

Comparable prices can be used to compare aggregate indicators in different periods. It is a certain fixed time price used to calculate the value indicator for different periods. Also called "fixed price" or "constant price". This kind of constant output value calculation of the gross output value index can eliminate the influence of price changes and facilitate the historical comparison of different periods to observe the development of the national economy.

There are two methods for calculating the total indicator at comparable prices: one is to directly calculate the product output multiplied by the constant price of a certain year; the other is to use the price index to reduce it.