Examlex
What are the major types of evidence used by comparative political analysts?
Real GDP
Gross Domestic Product adjusted for inflation, giving an accurate measure of an economy's size and how it's growing over time.
GDP Deflator
A measure that reflects the prices of all domestically produced goods and services in an economy.
Percentage Change
A mathematical calculation that describes the degree of change over time, expressing the difference as a percentage of the initial value.
Nominal GDP
The total value of all goods and services produced domestically, calculated using present-day prices, without making corrections for inflation.
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