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Why is the real GDP a better measure of economic activity than nominal GDP?
Experimental Group
In research, the group of participants who are exposed to the independent variable to assess its effect on a dependent variable, contrasted with a control group.
P-value
A statistical measure that helps scientists and researchers determine the significance of their experiment's results, indicating the probability of observing the results by chance.
Statistical Significance
A calculation central to inferential statistics that describes the likelihood that the results of a study happened by chance.
Experimental Manipulation
The controlled alteration of an independent variable in an experiment to assess its effects on a dependent variable.
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