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Real GDP
Real Gross Domestic Product, which reflects the total value of all goods and services produced within a certain timeframe, adjusted to account for inflation.
Current Prices
Prices at which goods and services are being sold in the current market, not adjusted for inflation.
Economic Well-Being
A measure of how well an individual or a society satisfies their needs and wants through the allocation of available resources.
Leisure Time
Free time that an individual can spend as they wish aside from their employment obligations or essential activities.
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