Examlex
The words or symbols in language used to illustrate subjective thoughts or mental images about things we may encounter in daily life are known as:
GDP
Gross Domestic Product, which is the total market value of all final goods and services produced within a country in a specific period.
Real GDP
Gross Domestic Product adjusted for inflation, providing a more accurate measure of economic growth by reflecting the value of all goods and services produced at constant prices.
Deflation
A drop in the overall cost of goods and services, frequently resulting from a decrease in the availability of money or credit.
Inflation
The measurement of how swiftly the overall prices of goods and services increase, eroding the power to buy.
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