Examlex
Policy evaluation involves ______.
Real GDP
The total value of all goods and services produced within a country in a year, adjusted for inflation, providing a more accurate reflection of an economy's size and growth rate.
General Price Level
An indicator of the average prices of goods and services across the economy at a specific point in time.
Inflation
An economic condition marked by a sustained increase in the general price level of goods and services in an economy over a period of time.
Government Purchases
Expenditures by government entities for goods and services that directly satisfy public consumption or are invested in public infrastructure.
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