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What Is the Average Amount of Goods and Services Produced

question 40

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What is the average amount of goods and services produced from each hour of a worker's time called?


Definitions:

Rational

Pertaining to a number or expression that can be expressed as the quotient or ratio of two integers.

Square Root

The number that produces a specified quantity when multiplied by itself (e.g., the square root of 9 is 3).

Exponents

A mathematical notation indicating the number of times a quantity is multiplied by itself.

Evaluate

To calculate the numerical value or simplify an expression.

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