Examlex
If the majority of the partners do not have the same tax year,the partnership must use the tax year of its principal partners.
GDP Deflator
An economic metric that converts output measured at current prices into constant-dollar terms to assess real growth.
Nominal GDP
The market value of all finished goods and services produced within a country in a year, measured in current prices.
Real GDP
Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced by an economy in real terms.
GDP Deflator
A measure of the level of prices of all new, domestically produced, final goods and services in an economy, used to adjust nominal GDP to real GDP.
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