Examlex
Evaluate.
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Productivity Growth
An increase in the efficiency of production, often measured by the output of goods and services per unit of input over time.
Savings Rate
The percentage of money that individuals or households save from their disposable income.
Industrially Advanced Nations
Countries that have highly developed industries, technological infrastructure, and a high standard of living.
LDCs
Less Developed Countries; nations with low levels of economic development, often measured by gross domestic product (GDP) per capita, industrialization, and living standards.
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