Examlex
Match the term with the correct descriptor. Not all terms may be used. Some may be used more than once.
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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.
GDP Deflator
A technique for ascertaining the price level of all fresh, home-produced, final goods and services in an economy.
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