Examlex
Define data,information,and how the value of information is determined.
Real Variables
Economic variables that have been adjusted for changes in price levels, reflecting the actual purchasing power.
Nominal Variables
Variables measured in monetary terms without adjusting for inflation, reflecting current prices.
Hyperinflations
Extremely high and typically accelerating inflation rates, drastically eroding the real value of the local currency.
Real GDP
The market value of all final goods and services produced within a country in a year, adjusted for inflation.
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