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GDP Is a Measure of the Total Output of an Economy

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GDP is a measure of the total output of an economy.


Definitions:

Inductive Reactance

The resistance offered by an inductor to the flow of alternating current, measured in ohms.

Impedance

The total resistance to the flow of alternating current (AC) in a circuit, comprising both resistive and reactive components, measured in ohms.

Inductive Reactance

The opposition that an inductor presents to alternating current, due to the inductor's inductance, measured in ohms.

Power (P)

The rate at which electrical energy is transferred by an electric circuit, usually measured in watts (W).

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