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1. GDP, Inflation, Real and Nominal Economic Measures a. GDP as a measure of economic activity and economic growth. b. Real and nominal values in

1. GDP, Inflation, Real and Nominal Economic Measures a. GDP as a measure of economic activity and economic growth. b. Real and nominal values in macroeconomics. c. The difference between real and nominal GDP. d. The difference between real and nominal growth rates, for GDP and other economic measures. e. The difference between current dollars and constant dollars

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