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Suppose an economy's real GDP is $125 billion in year 1 and $130 billion in year 2.What is the growth rate of its GDP?
Executory Promise
A commitment in a contract that has not yet been fulfilled or carried out by one or both parties.
Negotiable Instrument
A written promise certifying the payment of a certain sum of money, either upon request or at a predetermined date, with the document specifying the individual responsible for payment.
Value
Under the Code (except for negotiable instruments and bank collections), generally any consideration sufficient to support a simple contract.
Qualified Indorsement
An endorsement on a negotiable instrument that limits the liability of the endorser or specifies particular conditions for the endorsement's validity.
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