Examlex
Society's structural arrangements are not inevitable; human beings are agents of change if they choose to be.
Nominal GDP
The total economic value of all finished products and services generated inside a country over a year, evaluated at present market prices.
Real GDP
Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced by a country in a given year, expressed in constant prices.
Total Spending
The aggregate amount of money expended by individuals, businesses, and governments on goods and services within a certain period.
Output of Goods
The total amount of products, including goods and services, produced by a company or country within a specified period.
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