Examlex
A contingent promise by a bank to pay a bill when it comes due if the bill's originator fails to pay is an example of a
GDP Deflator
An economic metric that converts the money-value measure of GDP into an index for quantity comparison by deflating price inflation.
Real GDP
The calculation of a nation's economic production, accounting for variations in prices due to inflation or deflation, to represent the actual value of goods and services generated.
Real Terms
Adjusted for inflation, reflecting the actual purchasing power of money.
Real GDP Per Capita
A measure that adjusts Gross Domestic Product (GDP) for inflation and divides it by the total population, reflecting the average economic output per person.
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