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Briefly explain the process of "synaptic pruning."
Nominal GDP
Gross Domestic Product measured in current prices, without adjustment for inflation.
Chain-Weighted Index
An inflation measure that updates the weights of goods and services periodically to better reflect changing spending patterns.
Output Changes
Variations in the level of production of goods and services in an economy over a specific period.
GDP Price Index
A measure that examines the average increase in prices for all goods and services produced in an economy, accounting for inflation or deflation.
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