____________________ Are Used to Describe the Types of Objects in a System

question 53

Short Answer

____________________ are used to describe the types of objects in a system (specifically, the attributes and methods used with a particular class).

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Definitions:

Price Level

Calculating the average price across every good and service in the economy's production.

GDP Deflator

A measure of the level of prices of all new, domestically produced, final goods and services in an economy in a year, used to deflate or adjust GDP for inflation.

GDP Deflator

An indicator that measures the pricing of all new, domestically made, final goods and services in an economy.

Real GDP

The measure of a country's economic output adjusted for price changes, providing a more accurate view of an economy's size and growth.