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Market reader firms actively interact with their present and future customers and carefully listen to them so that they can develop new products and services.
Percentage Change
A mathematical calculation that indicates the degree of change over time, expressed as a percentage, used to measure growth or decline in various contexts such as finance, economics, and statistics.
Nominal GDP
The gross domestic product measured in current prices, without adjusting for inflation, reflecting the value of all goods and services produced over a specific time period.
GDP Deflator
An indicator of the price levels for all fresh, domestically created, final goods and services within an economy, utilized to modify nominal GDP for the determination of real GDP.
Real GDP
The total value of all goods and services produced within a country, adjusted for inflation, over a specific time period.
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