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Electrons are "spin one-half," photons are
Real GDP
The total value of all goods and services produced across a nation within a specific year, adjusted for inflation, reflecting the economy's actual growth.
Consumer Price Index
A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, indicating the level of inflation.
Market Basket
A collection of goods and services used to monitor price changes for consumer expenditures, often used in calculating inflation indices.
Base Year
A specific year against which economic growth is measured, serving as a benchmark for real value comparisons over time.
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