EDWARD VS PANINYA (Eng Sub) [Fullmetal Alchemist Brotherhood] - Duration: 3:10. Arash Afkhami 624,010 views
DEFINITION of 'Commuted Value'. The present value of the future series of cash flows required to fulfill a pension obligation. Commuted value is therefore the net present value of a future financial obligation. This value can be computed mathematically assuming a given rate of interest.
What most neoclassical economists mean by full employment is a rate somewhat less than 100% employment. Others, such as the late James Tobin, have been accused of disagreeing, considering full employment as 0% unemployment. However, this was not Tobin's perspective in his later work.