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What is a tool for gathering generalizable data?
Real GDP
Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced by an economy in a given year in constant prices.
Advanced Economy
A term used to describe countries with a high level of income per capita and industrial development, along with a high Human Development Index (HDI).
Economic Growth
An increase in the capacity of an economy to produce goods and services, compared from one period of time to another.
United Kingdom
A nation with sovereignty positioned to the northwest of mainland Europe, consisting of England, Scotland, Wales, and Northern Ireland.
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