Examlex
Among the criteria for evaluating democracies is the holding of competitive elections. What elements are necessary for an election to be considered competitive? Can a country be considered democratic if some of those elements are missing? Explain.
GDP Growth
The increase in the market value of goods and services produced by an economy over time, indicating economic health and progress.
Future Value
is the value of an asset at a specific date in the future, calculated from its present value and accounting for factors such as interest rates and time.
Present Value
The present-day worth of an anticipated future sum or series of cash payments, calculated using a specific interest rate.
Discounted Value
The present value of a future amount of money or stream of cash flows given a specified rate of return.
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