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An organization has set up a turbine farm project near the coast.However,it so happens that the coastal area is one of the principal bird migration corridors.The sound of the turbines is likely to hurt the birds and would destroy their habitat.Which law has been violated by this organization?
Base Year
A specific year against which economic growth or other economic variables are measured.
Nominal GDP
The market value of all final goods and services produced within a country in a given period, measured using current prices without adjustment for inflation.
Real GDP
An assessment of a country's economic production that is corrected for price fluctuations due to inflation or deflation, demonstrating the actual volume of goods and services created.
GDP Deflator
An economic metric that converts output measured at current prices into constant-dollar GDP, reflecting the effects of inflation.
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