________ Is the Overall Output of Goods or Services Produced

question 69

Multiple Choice

________ is the overall output of goods or services produced divided by the inputs needed to generate that output.

• A)Factoring
• B)Forfeiting
• C)Correlation
• D)Productivity
• E)Output index

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Definitions:

Weighted Average

An average that takes into account the varying degrees of importance of the numbers in a data set.

Simple Average

The arithmetic mean calculated by adding a group of numbers and then dividing by the count of those numbers.

Revolving Loan

A type of credit that allows the borrower to withdraw, repay, and redraw funds repeatedly up to a certain credit limit.

Average Balance

A calculation used by financial institutions to determine the average amount of money in an account over a specific period, often used to calculate interest charges or eligibility for benefits.