Examlex
What is an economy experiencing when a society cannot produce all the goods and services people wish to have
GDP
Gross Domestic Product, a measure of the total economic output of a country within a specific time period.
Net Exports
The difference between a country's total value of exports and its total value of imports.
Economic Well-Being
The level of prosperity and standard of living enjoyed by an individual, group, or nation, often measured through indicators like income, poverty rates, and unemployment.
GDP Deflator
A metric for assessing the price rates of all freshly created, domestic final goods and services in an economy.
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