Examlex
What are the components of the current account?
Marginal Resource Cost
Marginal resource cost is the additional cost incurred by producing one more unit of a good or service.
Marginal Revenue Product
The extra income produced by the use of an additional unit of a resource, like labor or capital.
Total Output
The total quantity of goods or services produced by an economic entity in a given period.
Marginal Productivity Theory
An economic theory that suggests the wage or value of a worker's output is equal to the additional production the worker generates.
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