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Dividing real GDP by the population equals
Wage Rate
The amount of money paid to an employee per unit of time or for each unit of output produced.
Demand Schedule
A table or graph that shows the quantity of a good or service that consumers wish to buy at each price level.
Marginal Product
The additional output that is generated by employing one more unit of a specific factor of production, keeping other inputs constant.
Marginal Revenue Product
The additional revenue generated from using one more unit of a factor of production, holding other factors constant.
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