Examlex
The tendency to perceive members of an outgroup as less variable, or more similar to one another, than members of the ingroup, is called the
Base Year
A reference year against which the economic growth, price levels, and other statistical figures are compared in index calculations.
Nominal GDP
The gross domestic product measured at current market prices, without adjusting for inflation or deflation.
Real GDP
Measures the value of all final goods and services produced within a country in a given period, adjusted for inflation.
GDP Deflator
An economic metric that converts output measured at current prices into constant-dollar GDP, deflating out the effects of inflation.
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