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Real Domestic Output
The total value of all goods and services produced within a country's borders adjusted for inflation.
Labor Force
The total number of people available to work, including both the employed and the unemployed who are seeking employment.
General Price Level
An overall measure of the cost of goods and services in an economy at a specific time.
Macroeconomics
The branch of economics that studies the behavior and performance of an economy as a whole, focusing on aggregate changes.
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