Examlex
Simplify.
Real GDP
Gross Domestic Product adjusted for inflation, providing a more accurate measure of an economy's size and growth rate over time.
Real GDP
The measure of a country's economic output adjusted for price changes (inflation or deflation), reflecting the true value of goods and services produced.
Inflation
The elevation in the market price of general goods and services, decreasing the value of currency in purchases.
Economic Well-being
A measure of how individuals or societies prosper economically, factoring in income, employment, and access to goods and services.
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