Examlex
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GDP Deflator
An index measuring the change in prices of all new, domestically produced goods and services in an economy.
Real Output
The total value of all goods and services produced in an economy, adjusted for inflation, reflecting the actual productivity rather than nominal figures.
Government Purchases
These refer to the total expenditures for goods and services by all levels of government, excluding transfer payments.
Expenditures
Payments or outlays of money to cover costs or expenses.
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