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Explain the causes of the French and Indian War and describe the role the American colonists played in the British victory.
Per Capita Real GDP
Real GDP divided by population.
Deflation
A drop in the average cost of goods and services, typically connected with a boost in the purchasing power of money.
Real GDP
An economic metric that measures the value of all goods and services produced by a country in a year, adjusted for inflation, reflecting the real growth.
GDP Deflator
An economic metric that converts the money-value measure of GDP into an index for quantity comparison by deflating price inflation.
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