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An important FIRST step in studying a particular disorder is
Nominal GDP
The total value, in current market prices, of all the final goods and services generated within a country's borders over a certain time period.
Real GDP
Real GDP, which adjusts for price changes to offer a true measure of an economy's overall size and its growth trajectory.
Base-Year Prices
Prices of goods and services from a specific base year, used to calculate real values and remove the effect of inflation over time.
Real GDP
Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced by a country in a specified period.
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