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When people are stuck in conflict and just can't seem to appreciate one another's points of view,appealing to higher-level goals can sometimes focus their attention on one mutually desirable outcome.
Real GDP
Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced in an economy in real terms.
Nominal GDP
The market value of all final goods and services produced within a country in a year, measured using current prices without adjusting for inflation.
GDP Deflator
A measure of the level of prices of all new, domestically produced, final goods and services in an economy, used to adjust nominal GDP to real GDP.
Per Capita Real GDP
An economic metric that measures the economic output of a country adjusted for inflation and divided by the total population.
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