Examlex
What are the two different types of social technologies and why are they important to businesses?
Deflation
A drop in the average cost of goods and services, typically connected with a boost in the purchasing power of money.
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.
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