Examlex
Which of the following statements is true about the relationship between high birthrates and real GDP growth?
Technological Improvement
The process of innovation where better technologies make production more efficient, leading to higher output with the same input.
Per-Worker Production Function
The per-worker production function depicts the relationship between the average product output per employee and the inputs used per employee, highlighting the efficiency of labor in production.
Attainable
Referring to a goal or objective that can be reached or achieved, especially through effort or strategy.
Per-Worker Production Function
A graphical representation that shows the relationship between the amount of output produced per worker and the amount of capital available per worker.
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