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Which of the Following Is NOT an Important Factor in Establishing

question 12

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Which of the following is NOT an important factor in establishing high growth in GDP per capita for a country?


Definitions:

Worker Cost

The total expense incurred by an employer in compensating an employee, including wages, benefits, and taxes.

Purely Competitive Market

An idealized market form where products are identical, allowing for easy entry and exit of firms, leading to perfect information and no control over prices by any single entity.

Wage Rate

The fixed amount of compensation paid to an employee for their services.

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