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Which of the following economic terms describes the total value of a nations goods or services that have been adjusted for inflation? Select one: a. Real gross domestic product b. Gross national product c. Altered gross national product d. Altered gross domestic product e. Gross domestic product

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The answer is E. Gross domestic product.

Gross domestic product is the economic term used to describe the the total value of a nation's goods or services that have been adjusted for inflation. Gross domestic product or GDP is vital in assessing the wellbeing of a country's economy. Comparing current and previous GDP will enable analyst to determine if there is a growth or decay in the economy.
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