Examlex
Add or subtract. Assume all variables represent positive real numbers.
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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.
Real GDP
The calculation of a nation's economic production, accounting for variations in prices due to inflation or deflation, to represent the actual value of goods and services generated.
Real Terms
Adjusted for inflation, reflecting the actual purchasing power of money.
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