Examlex
The equilibrium level of GDP is always accompanied by full employment and stable prices.
Operating Income
Operating income is the profit realized from a business's core operations, excluding deductions of interest and taxes.
Variable Cost
Costs that change in proportion with the level of output or production activity.
Fixed Costs
Overheads such as rent, salaries, and insurance that do not fluctuate with the level of goods produced or sold.
Variable Costs
Charges that vary in relation to the volume of output or services provided by a firm.
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