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An Internet search about the effects of vitamin C on the common cold yields two websites. The first website was published in 2004 by a vitamin company and advertises a monthly supply of vitamin C for 50% off. The second website is a blog put out by an academic researcher at a prominent post secondary institution and it contains several recent references to academic journals. Which would be more reliable and why?
Nominal GDP
The gross domestic product measured at current market prices, without adjusting for inflation, reflecting the value of all goods and services produced.
Price Level
Refers to the average of current prices across the entire spectrum of goods and services produced in the economy.
Production
The process of combining various material inputs and immaterial inputs (plans, knowledge) to make something for consumption.
Real GDP
Gross Domestic Product adjusted for inflation, providing a more accurate measure of an economy's size and growth rate over time.
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