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Components: The components of vector are
= + 2.2 and
= -6.9 , and the components of vector
are given are
= -6.1 and
= -2.2. What is the magnitude of the vector
-
?
Full Production
The level of production where a company uses all its resources efficiently.
Unemployment Rate
The part of the labor force that is without employment but is actively interested in finding a job.
Full Employment
An economic situation in which all available labor resources are being used in the most economically efficient way.
Production Possibilities Curve
The potential total output combinations of any two goods for an economy.
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