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Philip Gray
History
15 March, 20:21
Economists use changes in GDP to measure
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Bradshaw
15 March, 20:31
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Nominal GDP, typically referred to as just GDP, uses the quantities and prices in a given time period to track the total value produced in an economy in that same span of time ... The Bureau for Economic Analysis (BEA) calculates real GDP by removing the effects of inflation from real GDP using a GDP price deflator.
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