GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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12:32 Jan 20, 2004 |
German to English translations [PRO] Bus/Financial - Economics | |||||||
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| Selected response from: IanW (X) Local time: 13:54 | ||||||
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Summary of answers provided | ||||
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4 +10 | real GDP (gross domestic product) |
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real GDP (gross domestic product) Explanation: BIP (Bruttoinlandsprodukt) = GDP (gross domestic product). And "real" is correct too (I presume that was your question!). -------------------------------------------------- Note added at 3 mins (2004-01-20 12:36:34 GMT) -------------------------------------------------- REAL GROSS DOMESTIC PRODUCT: The total market value, measured in constant prices, of all goods and services produced within the political boundaries of an economy during a given period of time, usually one year. The key is that real gross domestic product is measured in constant prices, the prices for a specific base year. Real gross domestic product, also termed constant gross domestic product, adjusts gross domestic product for inflation. A contrasting measure is nominal gross domestic product, which does not adjust for inflation. http://www.amosweb.com/cgi-bin/wpd.pl?fcd=dsp&key=real gross... |
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