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If the consumer price index for 1970 is to be taken as 105 and the indices for the subsequent years are to be corrected accordingly, what is the approximate value of the agricultural loans in 1980 at 1983 prices?
Since the consumer price indices for all years change, the ratios will remain the same as before.
Value of the agricultural loans in 1980 at 1983 prices = 498.4 * 149 / 131 = 570 approx.
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