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GNI per capita can be adjusted by ________ to account for differences in the cost of living.
Specialized Machine
Equipment designed for a specific manufacturing process or product, often custom-made and representing a significant fixed cost.
Contribution Margin
The amount of revenue remaining after deducting the variable costs, indicating the contribution towards the fixed costs and profits.
Annual Production
The total quantity of goods or output produced by a company in a year.
Variable Cost
A cost that varies in direct proportion to changes in the level of production or sales volume, such as materials and labor used in production.
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