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When pursuing an entrepreneurial dream, there are steps you must take to make the dream a reality. Think of some type of business you might like to start, and write a short essay that outlines the steps you would take when planning to become a business owner. Prepare a sample business plan along with your essay.
Real GDP
The measure of the value of economic output adjusted for price changes (inflation or deflation).
GDP Deflator
An economic metric that converts the money-value measure of GDP from current prices to constant prices, enabling comparison of economic productivity and real growth over specific periods.
GDP Deflator
An economic metric that converts the money-value measure of GDP to an index for quantity comparison.
Nominal GDP
The total economic value of all finished products and services generated inside a country over a year, evaluated at present market prices.
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