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Simplify.
GDP
The total market value of all final goods and services produced within a country's borders in a specified time period.
Depreciation
The process by which physical assets lose value over time due to use, wear and tear, or obsolescence.
GDP
Gross Domestic Product quantifies the complete market or monetary valuation of all end products and services fabricated within a nation's perimeter during a distinct interval.
GDP Deflator
A gauge for the price rates of all fresh, domestically created, final goods and services in a nation's economy, applied in converting nominal GDP to real GDP.
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