Examlex
What did Peter Berger mean when he said the sociological perspective is "seeing the general in the particular"?
Nominal GDP
The gross domestic product measured in current prices, without adjusting for inflation, reflecting the value of all goods and services produced over a specific time period.
GDP Deflator
An indicator of the price levels for all fresh, domestically created, final goods and services within an economy, utilized to modify nominal GDP for the determination of real GDP.
Real GDP
The total value of all goods and services produced within a country, adjusted for inflation, over a specific time period.
Percentage Change
A mathematical calculation that shows how much a quantity has increased or decreased as a proportion of its previous value.
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