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Increased scrap, excessive purchases, and physical abnormalities are examples of:
Nominal GDP
GDP that has not been adjusted to account for inflation.
GDP Deflator
An economic measure that adjusts the Gross Domestic Product (GDP) by accounting for changes in price levels or inflation.
Gross Domestic Product
The overall economic value of all produced goods and services within the borders of a country, measured over a designated time period.
Output Value
The total value of all goods and services produced by an individual, company, or country.
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