Examlex
The construction of a new state highway would be included in the _____ category of GDP.
Labor Market
The market in which individuals offer their labor to employers in exchange for wages, showing the relationship between the supply of labor and the demand for it.
Marginal Product
The additional output that is produced by employing one more unit of a factor of production, keeping all other inputs constant.
Fourth Worker
In the context of diminishing returns, it could refer to a point where adding an additional worker leads to a lesser increase in output.
Marginal Productivity
The extra output that a business gains by adding one more unit of input, such as labor or capital.
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