Examlex
You take an intelligence test in school.Assuming no significant intervening factors have occurred,when you take the same test a few weeks later in a psychologist's office,your IQ should be about the same as it was a few weeks ago.The test's ability to produce similar scores demonstrates:
Human Capital
The collection of capabilities, learning, and experiential wisdom available to a person or society, assessed based on their contribution in terms of value or expense to an organization or a nation.
Skill Development
The process of identifying, cultivating, and enhancing abilities, knowledge, and competencies in order to improve personal or workforce performance.
Productivity
The measure of efficiency in converting inputs into outputs, often gauged by the quantity of goods and services produced per unit of input.
Labor Productivity
A measure of economic performance calculated by dividing the total output by the number of hours worked.
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