Its nominal value accounts for inflation, while the real value factors out inflation using a deflating price index whose four components are consumption, investment, government purchases and net exports.
Divide a nation's defense costs by this indicator, and a standard measure of the military burden is obtained. Its nominal value accounts for inflation, while the real value factors out inflation using a deflating price index whose four components are consumption, investment, government purchases and net exports. Intermediate goods are not counted, nor is output produced by Americans in foreign countries, but goods produced by foreigners in the U.S. are included in, for ten points, what economic quantity which measures the goods and services produced in a  specific period of time in the U.S.?
Divide a nation's defense costs by this indicator, and a standard measure of the military burden is obtained.
{GROSS DOMESTIC PRODUCT} or {GDP}