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In Econland Population and Average Labor Productivity Are Constant

question 127

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In Econland population and average labor productivity are constant. If a larger proportion of the population enters retirement, then total output will ________ and output per person will ________.


Definitions:

Biological Difference

Variations among individuals and groups in physical or genetic traits, often used in discussions contrasting with sociocultural influences.

Neocolonialization

A term referring to the form of indirect control that developed countries exert over developing countries, often through economic, social, and cultural pressures, following the end of direct colonial rule.

Color Line

A term originally used to describe the racial segregation in the United States, particularly in reference to African Americans and whites.

Color Line

The term "color line" was coined by W.E.B. Du Bois to refer to the racial segregation and discrimination that divides people into white and non-white groups.

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