Examlex
Apply the distributive property. Simplify when possible.
Imports
Goods and services bought from other countries.
Double Counting
The fallacy of counting the same item or transaction more than once in economic calculations, leading to inaccuracies.
Gross Domestic Product
The total value of all goods and services produced within a country's borders in a specific time period, a primary indicator of economic health.
Value Added
The increase in value that a company adds to its inputs or raw materials before selling the final product, typically measured as the difference between input costs and output prices.
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