Examlex
If Denise is hired to work as a cashier,she has the implied authority to do acts reasonably necessary to carry out her job.
Income Approach
Method of finding GDP by adding all the incomes earned in the production of final goods and services.
Gross Domestic Product
The overall market or monetary value of all completed goods and services that have been created inside the confines of a nation during a defined timeframe.
Market Value
The current price at which an asset or service can be bought or sold in the marketplace.
Real GDP
A measure of a country's economic output adjusted for price changes (inflation or deflation), reflecting the true value of goods and services produced in a given year.
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