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Assume that there is a strong negative correlation between two variables: variable 1 and variable 2. If you know that a person's score on variable 1 is low, what would be your best prediction for the person's score on variable 2?
Labor Productivity
A measure of economic performance that compares the amount of goods and services produced (output) with the number of hours worked to produce those goods and services.
Capital Per Worker
The total capital stock of an economy divided by the number of labor workers, influencing productivity.
Labor Productivity
A measure of economic performance that calculates the amount of goods and services produced per hour of labor.
Per-Worker Production Function
The relationship between the amount of capital per worker in the economy and average output per worker.
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