If real GDP falls from one period to another, we can conclude that:
<u>deflation occurred.</u>
Real GDP adjusts the level of output for any potential price adjustments that may have occurred over time; nominal GDP adjusts the level of output for changes in the price level using prices from a base year (constant prices) rather than the "current prices" used in nominal GDP.
The GDP deflator is a price index that tracks the average prices of all finished products and services produced inside a country's boundaries over time. It is used to adjust nominal GDP to determine real GDP.
So when the real GDP falls it can be concluded that deflation has occurred in the economy that is fall in prices .
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China is the largest producer of hydroelectricity, followed by Canada, Brazil, and the U.S.
One of the most effective ways for parents to increase their children's self-esteem is to employ a(n) authoritative discipline style.
<h3>What is an effective method of parenting?</h3>
Studies has shown that authoritative parenting is the best and most effective style in parenting.
Research indicate that authoritative parents are known to be likely to bring up the confidence of their kids who aim to get academic success, have good social skills and are said to be capable at problem-solving.
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