MCIR benefits health care organizations, schools, licensed childcare programs, pharmacies and Michiganâs citizens by consolidating immunization information from multiple providers into a comprehensive immunization record.
A constant dollar is an adjusted value of currency used to compare dollar values from one period to another. Due to inflation, the purchasing power of the dollar changes over time, so in order to compare dollar values from one year to another, they need to be converted from nominal (current) dollar values to constant dollar values. Constant dollar value may also be referred to as real dollar value.
In constant dollars, you received the same $1,000 each year, since current dollars of $1,250 X 0.80 (i.e., 100/125) equals constant dollars of $1,000. Since the US economy continually experiences inflation, constant dollars provide useful comparisons of amounts paid and received in different time periods.