Name

question 26

Short Answer

Name:

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Definitions:

Quality of Resources

The effectiveness, efficiency, and skills of economic resources, including labor, capital, and natural resources.

Labor Productivity

An indicator of economic efficiency that assesses the quantity of goods and services generated for each labor hour.

Capital Formation

Capital Formation is the process of building up the physical and financial assets of an economy, including investments in buildings, equipment, infrastructure, and inventories.

Student Achievement

Measurement of educational attainment or the level of academic success received by students.