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UID: EC-20240818-WORLD-01 , EC-20240818-WORLD-02
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GDP (Current Prices) measures the total market worth of all finished products and services produced in a nation during a given time period, usually a year. This metric does not adjust for inflation, meaning it reflects the value of goods and services at the prices that prevail during the time of measurement. GDP (Current Prices – Purchasing Power Parity) adjusts the GDP figures for differences in price levels between countries, converting them into a common currency (international dollars). It allows for a more accurate comparison of economic productivity and living standards between countries.
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