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Growth Rate
A measure of the increase in size, number, value, or strength of a variable over a specific period of time.
Productivity
The measure of how efficiently goods and services are produced, often evaluated as the output per unit of input, such as labor or capital.
Living Standards
The amount of prosperity, comfortability, tangible assets, and essentials afforded to a distinct socioeconomic bracket or area.
Real Economic Growth
An increase in the economic output of a country adjusted for changes in the price level (inflation), indicating an expansion in the economy over time.
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