Examlex
Use iteration to find an explicit formula for the sequence defined recursively as follows:
If appropriate, simplify your answer using one of the following reference formulas:
(a) for all integers .
(b) for all integers and all real numbers .
GATT
The General Agreement on Tariffs and Trade, an international treaty that aimed to reduce tariffs and other trade barriers; precursor to the World Trade Organization.
Economists
Experts in the study of economics, focusing on the distribution, consumption, and production of goods and services.
Net Exports
The value of a country's total exports minus its total imports; a positive value indicates a trade surplus, while a negative value indicates a trade deficit.
Gross Savings
The total amount of savings generated within an economy, including personal, business, and government savings, before accounting for depreciation.
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