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_____ is an industry-standard protocol that makes it possible for software from different vendors to interact and exchange data.
Recession
A phase of short-term economic downturn where business activities and manufacturing diminish, usually signaled by two successive quarters of GDP decrease.
Nominal GDP
Measures a country's gross domestic product using current prices, without adjusting for inflation or deflation, providing a raw economic output figure.
Real GDP Per Person
A measure of the economic output of a country adjusted for price changes (inflation or deflation) and divided by the total population.
Nominal GDP
The gross domestic product calculated at current market prices, reflecting the economy's size without accounting for inflation's effects.
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