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If you exhaled normally into the environment, and then blew all of the air that you could into a balloon, the volume of air in the balloon would represent the
Depreciation
Depreciation is the accounting process of allocating the cost of tangible assets over their useful lives, reflecting wear and tear or obsolescence.
Real GDP
The total value of all goods and services produced within a country in a year, adjusted for inflation, providing a more accurate reflection of an economy's size and growth rate.
General Price Level
An indicator of the average prices of goods and services across the economy at a specific point in time.
Inflation
An economic condition marked by a sustained increase in the general price level of goods and services in an economy over a period of time.
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