Examlex
What would be the impact of a persistent increase in total factor productivity on domestic aggregate output,
consumption, investment, and the current account surplus?
Randomized Block Design
A statistical experimental design that groups similar experimental units into blocks to account for variability and then randomly applies treatments within each block.
Wage Rate
The amount of compensation a worker receives per unit of time or per task completed.
Factor
An element or variable that contributes to a result or outcome.
Level
The specified significance level in a statistical test, often denoted as alpha, which is the probability of rejecting the null hypothesis when it is actually true.
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