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What are the main arguments presented against flexible exchange rates?
Real GDP
The measure of a country's economic output adjusted for price changes (inflation or deflation), reflecting the true value of goods and services produced over a specific period.
GDP
Gross Domestic Product, the total monetary value of all goods and services produced within a country's borders in a specific time period, used as a broad measure of economic activity.
Per Capita GDP
The gross domestic product of a country divided by its population, giving an average economic output per person.
Real GDP
Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced by an economy in a specific period accounting for changes in price level.
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