Examlex
The relationship between the wage rate and the quantity of labor that employers wish to hire in total is called:
Per Capita Income
The average income earned per person in a given area in a specified year, used as an indicator of the economic health of a region.
Economic Growth
An increase in the production of goods and services in an economy over a period of time, typically measured by the change in Real GDP.
Labor Productivity
A measure of economic performance that compares the amount of goods and services produced (output) with the number of labor hours used to produce them.
Natural Resources
Materials or substances occurring in nature which can be exploited for economic gain, such as minerals, forests, and water bodies.
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