Examlex
The amount of time necessary for assembly line workers to complete a product is a normal random variable with a mean of 15 minutes and a standard deviation of 2 minutes. So, 15% of the products require more than ________ minutes for assembly.
GDP
GDP, or Gross Domestic Product, represents the entire value of goods and services produced within a nation's boundaries during a certain time frame.
Net Exports
The value of a country's total exports minus its total imports; a positive number indicates a trade surplus, and a negative number indicates a trade deficit.
Consumption
The use of goods and services by households.
National Income
The total value of all goods and services produced by a country's economy over a specific period, including foreign income.
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