Examlex
Physician incompetence has been virtually eliminated in modern Western medicine, due in part to the extensiveness of diagnostic testing.
GDP
Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.
Government Purchases
Expenditures by the government on goods and services that directly consume economic resources, distinct from transfer payments.
Short Run
A period in economics during which some factors of production are fixed, limiting the ability of the economy or a firm to adjust to changes.
Real GDP
The market value of all final goods and services produced within a country in a given period, adjusted for inflation.
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