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In order to obtain an elaboration of a response that may be as terse as "Pretty bad" the interviewer may have to use some probes to get an elaboration on what the respondent really means by "Pretty bad". Sometimes, the best probe is _____, for example, if the interviewer sits quietly with pencil poised, the respondent will probably fill the pause with additional comments.
Real GDP
Gross Domestic Product adjusted for inflation, providing a more accurate reflection of an economy's size and growth by measuring the value of goods and services produced.
Real GDP
Gross Domestic Product after adjustments for inflation; measures the value of all goods and services produced within a country's borders in a specific time period using constant prices.
Deflation
A decrease in the general price level of goods and services, often leading to an increase in the real value of money.
Inflation
The progression at which the price level for goods and services at large advances, lessening the potency of purchasing.
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