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The Contribution to Output Growth of Technological Progress Is Estimated

question 117

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The contribution to output growth of technological progress is estimated by how much of the output growth can be explained by the growth in inputs.


Definitions:

Outward Manifestations

Actions or expressions that show an intention to make an agreement or contract, observable to others.

Parties' Intent

The actual aim or purpose that contracting parties had in mind at the time of entering into an agreement.

Invitation To Offer

An indication by a party that they are open to negotiation or receiving offers, but are not making a formal offer themselves.

Auctions

are sales events where goods or services are sold to the highest bidder through a competitive bidding process.

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