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Discuss the issues for businesses concerning potential litigation and portable devices such as smartphones and laptops.
Nominal GDP
The gross domestic product measured in current prices, without adjusting for inflation.
Base Year
A specific year against which economic growth or other economic indexes are measured, serving as a point of comparison for future or past data.
Hypothetical Country
A theoretical or imaginary nation used for the sake of argument or analysis in economic models or discussions.
Real GDP
Real Gross Domestic Product measures a country's economic output adjusted for price changes, such as inflation or deflation, to reflect the true value of goods and services produced.
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