Examlex
Which of the following statements is supported by research on child-directed speech?
Real GDP
The total market value of all final goods and services produced in a country in a given year, adjusted for inflation.
Constant Returns To Scale
The property whereby long-run average total cost stays the same as the quantity of output changes.
Inputs
Factors including workforce, materials, and funds employed in the process of creating products or offering services.
Production
The process of combining various material inputs and immaterial inputs (plans, know-how) to make something for consumption.
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