Examlex
In a few sentences, explain the difference between conditional probability and "ordinary" (unconditional) probability.
Real GDP Per Person
A measure of the value of all finished goods and services produced within a country in a specific time period, adjusted for inflation, divided by the total population.
Productivity
The measure of efficiency in which goods and services are produced, typically reflected by the quantity produced per unit of input.
Annual Growth Rate
The year-over-year increase in the value of a particular economic indicator, expressed as a percentage.
Real GDP
The measure of a country's economic output adjusted for price changes or inflation, providing a more accurate reflection of an economy's size and growth.
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