Examlex
Increasing the value of α from 0.025 to 0.10 in exponential smoothing will increase the weight to the most recent observation by 0.075.
Productive Nonmarket Activities
Economic activities that are productive but do not involve market transactions, such as household work.
Depletion
The reduction in the quantity or value of a resource, such as minerals, forests, or fossil fuels, due to extraction or usage over time.
Resource Base
The total available resources that an economy has access to, including natural resources, labor, and capital.
Trillion Dollar Economies
Countries whose Gross Domestic Product (GDP) exceeds one trillion dollars, reflecting a high level of economic output.
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