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If random variablesx1and x2 are independent, thenσ22x12+xx=+σσ1 2x2
Production
The process of creating goods or services by combining various inputs like labor, capital, and natural resources.
Government Subsides
Financial assistance provided by the government to individuals, organizations, or businesses in order to promote certain activities or reduce the costs of those activities.
Economic Growth
An increase in the production of goods and services in an economy over a period, typically measured as the percent change in GDP.
Economic Growth
An increase in the production of goods and services in an economy over a period of time, usually measured by GDP.
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