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Real GDP
The measure of a country's economic output adjusted for price changes, providing a more accurate view of an economy's size and growth.
Real GDP
A measure of a country's economic output adjusted for inflation, giving a more accurate view of an economy's size and how it's growing over time.
Nominal GDP
The gross domestic product measured at current market prices, without adjusting for inflation, reflecting the current value of goods and services produced.
Depreciation
The process of allocating the cost of a tangible or physical asset over its useful life, reflecting wear and tear, age, or obsolescence.
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