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You are an archaeologist with a site in the African Rift Valley and you think that you have discovered evidence that dates from 150,000 years ago. What dating method would you use to further your investigations?
Nominal Gross Domestic Product (GDP)
The market value of all goods and services produced within a country in a given period, measured without adjusting for inflation.
Real GDP
The total value of all goods and services produced by a country in a year, adjusted for inflation, making it a measure of economic output that accounts for changes in the price level.
GDP Price Index
An indicator reflecting the variation in costs for all newly produced domestic final goods and services within an economy.
Real Gross Domestic Product (GDP)
An inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year, showing true growth.
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