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Air temperature drops when the rate of terrestrial energy loss is less than the rate of solar energy gain.
GDP Deflator
An economic metric that converts output measured at current prices into constant-dollar terms to remove the effect of inflation.
Per Capita Real GDP
An economic measure that divides the real gross domestic product by the total population, indicating the average economic output per person, adjusted for inflation.
Real GDP
Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced in an economy in real terms.
Nominal GDP
The market value of all final goods and services produced within a country in a year, measured using current prices without adjusting for inflation.
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