Examlex
The three independent variables in the BBC Prison Study took the form of 'planned interventions'. These were:
Real GDP
The measure of a country's economic output adjusted for price changes, such as inflation or deflation, providing a more accurate reflection of the economy's size and how it's growing over time.
Nominal GDP
The market value of all final goods and services produced within a country in a year, measured in current prices without adjusting for inflation.
Economy Growth
An increase in the production of goods and services in an economy over a period of time, often measured by the growth of the Gross Domestic Product (GDP).
Inflation Rate
The progression rate at which the cost of consumer goods and services climbs, thereby eroding purchasing potential.
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