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The principal focus of the control chart is the attempt to separate special or assignable causes of variation from common causes of variation. What cause of variation can be reduced only by changing the system?
Nominal Gross Domestic Product
The measure of a country's overall economic output at current market prices, without adjusting for inflation or deflation.
Real Gross Domestic Product
Measures the value of all final goods and services produced within a country's borders in a given time period, adjusted for inflation, reflecting the actual productivity of an economy.
GDP Price Index
An economic metric that measures the changes in prices of all goods and services included in Gross Domestic Product.
Nominal Gross Domestic Product
Gross Domestic Product measured in current market prices, not adjusted for inflation.
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