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Place an X in each blank below that is associated with a statement that would be considered true by a closed-world database containing only the statement "Kermit is a frog OR Miss Piggy is an actress."
_____ Kermit is a frog.
_____ Miss Piggy is not an actress.
_____ Kermit is not a frog AND Miss Piggy is not an actress.
_____ Kermit is not a frog.
Productivity
A measure of the efficiency of production, often calculated as the ratio of output to inputs used in the production process.
Goods and Services
The output produced by economic systems, where goods are physical items and services are intangible activities provided to consumers.
Human Capital
The capabilities, understanding, and expertise that an individual or group holds, considered in relation to their worth or expense to a company or nation.
Physical Capital
Assets used in the production process that are tangible in nature, such as machinery, buildings, and vehicles.
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