Examlex
Compare the concepts of race and ethnic group. Illustrate your answer with examples.
Population Growth
The increase in the number of individuals in a population, often measured as a percentage of the total population over a specific time period.
Catch-Up Effect
The hypothesis that poorer economies' per capita incomes will tend to grow at faster rates than richer economies, allowing them to "catch up" over time.
Real GDP Per Person
A measure of the economic output of a country per individual adjusted for inflation, reflecting the average living standards.
Productivity
The measure of output per unit of input, reflecting the efficiency with which factors of production are utilized.
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