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Which costs the state more: execution or life imprisonment?
Real GDP
Real GDP measures the value of all final goods and services produced within a country's borders in a given time period, adjusted for inflation.
GDP Deflator
An index reflecting the price levels for all newly produced, domestic, final goods and services within a country.
Per Capita Real GDP
Real GDP divided by population.
Deflation
A drop in the average cost of goods and services, typically connected with a boost in the purchasing power of money.
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