Definition: Historic price

OECD terminology

"Measuring Capital Manual 2009"

Capital stocks valued at historic prices are valued at the prices at which the assets were originally acquired

"Measuring Capital Manual 2001"

The historic price is the price that was actually paid for an asset when it was first acquired by a resident user. It is a synonym for "acquisition price".
Source:
Organization for Economic Cooperation and Development (OECD), "Measuring Capital Manual, Second Edition", OECD, Paris, 2009
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