Examlex
If the average worker's productivity is $20 of output per hour and the labor force is employed for 500 billion hours,GDP is equal to
Money Market
A section of the financial market where short-term financial assets with high liquidity are traded.
Interest Rate
The amount charged by lenders as a percentage of the principal, or the amount earned on deposits over a specified period.
Equilibrium Value
The point at which the quantity of a good or service demanded equals the quantity supplied, resulting in market stability.
Opportunity Cost
Whatever must be given up to obtain some item.
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