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Describe the structure of the major parties. What are the functions of national party organizations? How do they decide on candidates and platforms? How closely do they work with state and local organizations? How has the balance of power between national and local party organizations changed in recent decades?
GDP Deflator
A measure that reflects the prices of all domestically produced goods and services in an economy.
Percentage Change
A mathematical calculation that describes the degree of change over time, expressing the difference as a percentage of the initial value.
Nominal GDP
The total value of all goods and services produced domestically, calculated using present-day prices, without making corrections for inflation.
GDP Deflator
A technique for ascertaining the price level of all fresh, home-produced, final goods and services in an economy.
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