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Why is a true experimental design the strongest method for conducting impact evaluations?
GDP Deflator
An economic metric that converts output measured at current prices into constant-dollar GDP, essentially adjusting for inflation and allowing for comparisons across time periods by reflecting the prices of all goods and services produced domestically.
GDP Deflator
A measure of the level of prices of all new, domestically produced, final goods and services in an economy in a year, used to deflate nominal GDP to real GDP.
Real GDP
Gross Domestic Product adjusted for inflation, providing a more accurate representation of an economy's size and growth over time.
Percentage Change
A mathematical calculation to determine the degree of change over time, expressed as a percentage.
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