Select the term from the list provided that best matches each of the following descriptions.Put the number of the term in the column for Your Answer.
Definitions:
Price Index
An average that measures the change in prices paid by consumers for goods and services over time, indicating inflation or deflation.
GDP
Gross Domestic Product, a measure of the economic performance of a country, indicating the total value of all goods and services produced over a specific time period.
Price Index
A measure that examines the weighted average of prices of a basket of consumer goods and services, used to estimate inflation.
Real GDP
Real Gross Domestic Product (Real GDP) is an inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a given year, providing a more accurate representation of an economy's size and growth rate.
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