Examlex
A conditional probability of A given B is written in probability notation as ____________________.
Productivity
The efficiency of production measured by the output per unit of input, such as labor or capital, influencing economic growth and living standards.
Units of Output
The measurement of production amount, typically quantified in terms of units produced.
Average Worker
The term "average worker" typically refers to a hypothetical or statistical individual whose job characteristics (wages, hours worked, skills) represent the mean or median of a larger group.
Business Cycle
The natural rise and fall of economic growth that occurs over time, marked by periods of expansion, peak, recession, and recovery.
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