Instructions: Please Define the Following Key Terms

question 30

Essay

Instructions: Please define the following key terms.Show Who? What? Where? When? Why Important?
-Yeshu'a

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Definitions:

Capital Per Worker

The amount of capital (tools, machinery, and equipment) available per employee, affecting the productivity and efficiency of labor.

Output Per Worker

A measure of labor productivity calculated by dividing total output by the number of workers.

GNP

Gross National Product, which is the total value of all goods and services produced by the residents of a country within a specific time period.

GDP

Gross Domestic Product, a measure of the total economic output of a country, representing the total value of all goods and services produced over a specific time period.