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Fig 2-5 In the accompanying figure, to move between worksheets, use the ____ to the left of the sheet tabs.
Technology
The application of scientific knowledge for practical purposes, especially in industry and in the creation of innovations and inventions.
Real Wages
Wages adjusted for inflation, representing the true purchasing power of income.
Capital Equipment
Capital equipment consists of tangible assets such as buildings, machinery, and tools that are used in the production process to generate goods and services.
Nominal Wages
The wage earned by workers as expressed in current dollars, without adjustment for inflation, representing the face value of the pay received.
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