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What is operational planning?
Nominal GDP
Gross Domestic Product measured in current prices without adjusting for inflation, representing the total value of all goods and services produced over a specific time period within a country's borders.
Real GDP
The calculation of a nation's total economic production factoring in adjustments for price fluctuations, either inflationary or deflationary.
Growth Rate
The measure of the increase in a particular variable, such as GDP or population size, over a specific period of time, usually expressed as a percentage.
Nominal GDP
The gross domestic product measured in current market prices, without adjustment for inflation.
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