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List the procedures for statistically adjusting data and briefly discuss the uses for each.
Social Overhead Capital
Infrastructure and public goods provided by the government or public sector, essential for economic activities and societal well-being, such as roads, schools, and hospitals.
Developing Country
A nation with a lower level of industrialization, lower living standards, and lower Human Development Index scores compared to developed countries.
Private Sector
The part of the economy that is run by individuals and companies for profit and is not under direct state control.
Public Sector
The part of the economy composed of government services and enterprises, including infrastructure, education, and healthcare services.
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