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A rock weighs 30 N on Earth.A second rock weighs 30 N on the moon.Which of the two rocks has the greater mass?
Nominal GDP
The total worth of all end products and services generated inside a nation over a specific timeframe, valued at present market prices.
Real GDP
The measure of the value of economic output adjusted for price changes (inflation or deflation).
GDP Deflator
An economic metric that converts the money-value measure of GDP from current prices to constant prices, enabling comparison of economic productivity and real growth over specific periods.
GDP Deflator
An economic metric that converts the money-value measure of GDP to an index for quantity comparison.
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