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The Average American Infant First Walks Alone at Age

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The average American infant first walks alone at age


Definitions:

Nominal Variables

Economic variables measured in monetary terms without adjustment for inflation, reflecting their value in current prices.

Real Variables

Variables measured in physical units.

Real GDP

Gross Domestic Product adjusted for inflation, providing a more accurate measure of economic performance over time.

Economic Activity

The actions that involve the production, distribution, and consumption of goods and services within an economy.

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