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The discounting principle is a characteristic of the:
Real GDP
Gross Domestic Product adjusted for inflation, showing the value of all goods and services produced over a specific time period in real, inflation-adjusted terms.
Classical Theory
A school of economic thought that emphasizes the role of free markets in regulating the economy and argues for minimal government intervention.
Employment
The condition of having paid work, or the process or business of hiring workers.
Savings
The portion of income not spent on current consumption, often set aside for future use or investment.
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