Examlex
Which of the following hypotheses is currently stated in the least testable form?
GDP Deflator
A gauge for assessing the price rates of all new, locally manufactured, end goods and services in a country, applied to recalibrate nominal GDP to real GDP.
Real GDP
The measure of a country's economic output adjusted for price changes (inflation or deflation), providing a more accurate reflection of an economy's size and how it’s growing over time.
GDP Deflator
A measure of the level of prices of all new, domestically produced, final goods and services in an economy, used to convert nominal GDP into real GDP.
Deflation
A decrease in the general price level of goods and services, often indicating reduced consumer demand or excess supply.
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