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_____ Is a Measure of How Productively Resources Are Used

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_____ is a measure of how productively resources are used to achieve a goal.


Definitions:

Entered the Labor Force

Describes individuals who have reached working age and are actively seeking employment or are currently employed.

Sectoral Shifts

Changes in the economic landscape that affect specific sectors of the economy, leading to shifts in labor demand and supply.

Structural Unemployment

A form of unemployment caused by a mismatch between the skills that workers in the labor market offer and the skills demanded by employers.

Demand for Output

The desire and willingness of consumers or businesses to purchase goods or services produced within an economy.

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