Examlex
Define four of the seven functions of language and provide examples of each.
Discounting
The process of determining the present value of future cash flows by applying a discount rate to reflect time value of money and risk.
Equilibrium Interest Rate
The interest rate at which the quantity of loanable funds demanded equals the quantity of loanable funds supplied.
Domestic Output
The total value of all goods and services produced within a country's boundaries over a specific time period.
Capital Goods
Physical assets that are used in the production process to manufacture goods and services, including buildings, machinery, and equipment.
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