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Emperor Francis Joseph ignored ministerial responsibility and ruled by decree when parliament was not in session.
GDP
Gross Domestic Product, a measure of the economic performance of a country, representing the total value of all goods and services produced over a specific time period.
Real GDP
The measure of a country's economic output adjusted for price changes (inflation or deflation).
Nominal GDP
The market value of all final goods and services produced within a country in a given period, measured using current prices without adjusting for inflation.
Real GDP
Gross Domestic Product adjusted for inflation, providing a more accurate representation of the economy's size and how it's growing over time.
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