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What are the characteristics of a corporation? What characteristics must a limited liability company lack to not be considered a corporation for tax purposes?
Real GDP
The measure of a country's economic output adjusted for price changes, reflecting the true value of goods and services produced.
Aggregate Production
The total value of goods and services produced within an economy over a specific period.
Base Year Prices
Prices expressed in terms of a specific base year, used to remove the effects of inflation when comparing economic data across different years.
Real GDP
Represents the total economic output of a country, adjusted for inflation, measuring the value of all goods and services produced over a specific time period.
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