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Nominal GDP.
Profits depend on nominal GDP growth.
This is based on nominal GDP.
So nominal GDP continues to shrink.
Nominal GDP has shrunk by 6% since 1997.
Emerging-market countries ought to consider targeting nominal GDP.
The downgrades also occur in nominal GDP growth.
Long Live Nominal GDP Targeting," Vox, June 19 , 2012
One very straightforward alternative would be nominal GDP.
Japan's nominal GDP has been squeezed by deflation.
The first is unusually weak growth in nominal GDP.
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