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Sleepwalkers are completely unresponsive to what is going on around them, including suggestions from other people.
Nominal GDP
The market value of all final goods and services produced within a country in a year, measured using current prices.
Real GDP
The value of all goods and services produced within a country adjusted for inflation or deflation.
Base Year
A specific year against which economic growth is measured by comparing other years to it in terms of prices, outputs, or employment.
Nominal GDP
Gross Domestic Product measured at current market prices, without adjusting for inflation, reflecting the value of all goods and services produced by a country within a specific period.
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