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Constant Dollar
A term used to describe a dollar value that has been adjusted for inflation to reflect purchasing power at a specific point in time.
Real GDP
Gross Domestic Product adjusted for inflation, measuring the value of all goods and services produced by an economy in real terms.
Intermediate Goods
Products that are used as inputs in the production of other goods or services, not sold directly to end consumers.
Consumer Price Index
An index measuring the change in price of a standard basket of goods and services, reflecting the cost of living.
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