Examlex
Establish the identity.
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GDP Deflator
An indicator of the price levels for all newly produced domestic final goods and services within an economy, utilized for transforming nominal GDP into real GDP.
Inflation
A universal surge in prices and a dip in the value of monetary assets.
Real GDP
The measure of a country's economic output adjusted for price changes or inflation.
Value Added
The increase in the value of a product or service as a result of a particular process, excluding the costs of raw materials and energy.
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