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Simplify. Assume that variables in the exponent represent nonzero integers and that all other variables are not 0.
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Housewives
Individuals, traditionally women, who manage households and may or may not engage in paid employment outside the home.
Labor Force
The total number of people who are willing and eligible to work, including both the employed and those seeking employment.
GDP
The Gross Domestic Product, or GDP, is a metric that captures the entire value of goods and services generated within a country over a set period, serving as a gauge of its economic performance.
Real GDP
Gross Domestic Product adjusted for inflation, measuring the value of all goods and services produced by an economy in a specific period, using constant prices.
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