Examlex
The Bretton Woods Agreement was brought into existence in the late 1960s when the U.S. needed to finance government programs and the Vietnam War.
GDP Deflator
The GDP deflator is an economic metric that converts output measured at current prices into constant-dollar GDP.
Nominal GDP
Gross Domestic Product measured at current market prices without adjustment for inflation.
Inflation
The rate of elevation in the uniform prices of goods and services, undermining the capability to buy more.
GDP Deflator
An economic metric that converts output measured at current prices into constant-dollar GDP, detaching price changes from real output changes.
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