Examlex
In a reversal design, the purpose of the reversal is to increase external validity.
Circular Flow
An economic model that depicts how money moves through the economy, from production to income to consumption and back to production.
Net Domestic Product
Gross domestic product minus depreciation.
Depreciation
The process by which the value of an asset decreases over time, often due to wear and tear or obsolescence.
Transfer Payments
Payments made by the government to individuals without the expectation of goods or services in return, such as welfare benefits and social security.
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