Examlex
Define and compare the terms "vagueness" and "ambiguity."
GDP
The total value of goods and services produced over a specific period in a country, known as Gross Domestic Product, reflects its economic productivity.
GDP Deflator
An index that measures the level of prices of all new, domestically produced, final goods and services in an economy.
Wages
Payments made to employees based on the hours worked or the output produced; it is the price of labor.
Salaries
Fixed regular payments made by employers to employees, typically on a monthly or biweekly basis, in exchange for the professional services rendered.
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