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  2. Real gross domestic product - Wikipedia

    en.wikipedia.org/wiki/Real_gross_domestic_product

    Real GDP is an example of the distinction between real and nominal values in economics.Nominal gross domestic product is defined as the market value of all final goods produced in a geographical region, usually a country; this depends on the quantities of goods and services produced, and their respective prices.

  3. Stock and flow - Wikipedia

    en.wikipedia.org/wiki/Stock_and_flow

    In contrast, the U.S. nominal capital stock is the total value, in dollars, of equipment, buildings, and other real productive assets in the U.S. economy, and has units of dollars. The diagram provides an intuitive illustration of how the stock of capital currently available is increased by the flow of new investment and depleted by the flow of ...

  4. Real and nominal value - Wikipedia

    en.wikipedia.org/wiki/Real_and_nominal_value

    The real value is the value expressed in terms of purchasing power in the base year. The index price divided by its base-year value / gives the growth factor of the price index. Real values can be found by dividing the nominal value by the growth factor of a price index. Using the price index growth factor as a divisor for converting a nominal ...

  5. Real business-cycle theory - Wikipedia

    en.wikipedia.org/wiki/Real_business-cycle_theory

    A common way to observe such behavior is by looking at a time series of an economy's output, more specifically gross national product (GNP). This is just the value of the goods and services produced by a country's businesses and workers. Figure 1 shows the time series of real GNP for the United States from 1954–2005.

  6. Gross domestic product - Wikipedia

    en.wikipedia.org/wiki/Gross_Domestic_Product

    Gross domestic product (GDP) is a monetary measure of the market value [2] of all the final goods and services produced and rendered in a specific time period by a country [3] or countries. [ 4 ] [ 5 ] [ 6 ] GDP is often used to measure the economic health of a country or region. [ 3 ]

  7. Glossary of economics - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_economics

    Capital formation also sometimes refers to a specific statistical concept, also known as net investment, which measures the net additions to the (physical) capital stock of a country (or an economic sector) in an accounting interval. Capital formation is also sometimes a modern general term for capital accumulation, referring to the total ...

  8. Macroeconomics - Wikipedia

    en.wikipedia.org/wiki/Macroeconomics

    Everything that is produced and sold generates an equal amount of income. The total net output of the economy is usually measured as gross domestic product (GDP). Adding net factor incomes from abroad to GDP produces gross national income (GNI), which measures total income of all residents

  9. Government budget balance - Wikipedia

    en.wikipedia.org/wiki/Government_budget_balance

    GDP (Gross Domestic Product) is the value of all goods and services produced within a country during one year. GDP measures flows rather than stocks (example: the public deficit is a flow, measured per unit of time, while the government debt is a stock, an accumulation). GDP can be expressed equivalently in terms of production or the types of ...

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