Examlex
Exchange differences arising from translation to the presentation currency are not recognised in profit or loss because the changes in exchange rates have little or no direct effect on the present and future cash flows from operations.
GDP Deflator
A measure of the level of prices of all new, domestically produced, final goods and services in an economy, used to adjust nominal GDP to calculate real GDP.
Inflation
The acceleration in the general cost levels of goods and services, causing a decline in the ability to acquire.
Real GDP
Real Gross Domestic Product (GDP) measures the value of all final goods and services produced within a country in a given period, adjusted for inflation.
GDP
Gross Domestic Product, the total market value of all final goods and services produced within a country in a given time period.
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