Examlex
Each component of a computer is designed to perform only one specific task-either input, processing, or output.
Probability Distribution
A function used in statistics to illustrate all potential outcomes and their respective probabilities for a random variable within a fixed range.
Stock of the Economy
This term typically refers to the total value of all goods and resources available in an economy at a given point in time.
Nominal Rate of Interest
The interest rate unadjusted for inflation, representing the face value of interest payments.
Real Rate of Interest
The interest rate that has been adjusted to remove the effects of inflation to reflect the real cost of funds to the borrower and the real yield to the lender.
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