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Name and explain William James' three components of the self.
Nominal GDP
The gross domestic product calculated at current market prices, reflecting the economy's size without accounting for inflation's effects.
GDP Deflator
An economic measure that adjusts the nominal GDP to reflect changes in price levels, providing a more accurate picture of an economy's size over time.
GDP Per Person
Gross Domestic Product per capita; a measure of a country's economic output that accounts for its number of people.
Infant Mortality
The rate at which babies under one year of age die, typically expressed per 1,000 live births.
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