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Figure 1.2
Using the figure above, identify the labeled part.
-Label P: ______________________________
Governement Invests
The process by which the government spends on capital projects or injects funds into the economy, aiming to promote economic growth.
Labor Productivity
A measure of economic output per unit of labor input, often assessed as output per hour worked.
Quality of Labor
Refers to the skill levels, education, training, and productivity of workers within an economy.
Imports Volume
The total quantity of goods and services brought into a country from abroad over a specific time period.