Macroeconomic Terms : : Affiliation: : Define The

Macroeconomic TermsName:Course:Institution Affiliation:Date:Define the following terms TermDefinitionDefinition SourceGross Domestic Product (GDP)Refers to the financial value of all products and services produced in a country within a period of one year Dawson, G. (2006). Economics and economics change: New York: Prentice HallReal GDPMeans a measure of the economic value output adjusted to cater for price changes during inflation or deflation.O’Donnell, R. (1987). Real & Nominal Quantities: London: Macmillan PalgraveNominal GDPRefers to an economic output devoid of price adjustments. The rate of inflation not included in nominal gross domestic product.Benninga, S. (1997). Corporate Finance: New York: McGraw-HillUnemployment rateRefers to the prevalence of unemployment in a country. unemployment rate calculated in percentage form by divinding the number of unemployed people against all indivuals currently in the labor market. Torres, R. (2007). Unemployment measure: Less Meaningful to measure market efficiency: France: Torres Raymond PublishersInflation rateInflation rate means the sustained increase of the general prices of goods and services and the declining purchasing power Pettinger, T. (2014). Inflation Rate: Oxford: Oxford UniversityFiscal PolicyMeasures employed by