Examlex
The CPI is used to
Goods and Services
The physical items (goods) and activities (services) that satisfy human wants and needs and are offered in the marketplace for purchase.
GDP
Gross Domestic Product signifies the total monetary value of all goods and services produced within a country's boundaries over a predetermined time frame, reflecting the nation's economic health.
GDP Deflator
The GDP deflator is an economic metric that converts output measured at current prices into constant-dollar GDP.
Nominal GDP
Gross Domestic Product measured at current market prices without adjustment for inflation.
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