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The relational-cultural theory emphasizes the vital role:
Per-Worker Production Function
A graph that shows the relationship between the amount of input per worker and the output per worker.
Capital Deepening
The increase in the amount of capital per worker, leading to higher productivity and possibly higher wages.
U.S. GDP Per Capita
A measure that divides the Gross Domestic Product of the United States by its total population, indicating the average economic output per person.
Average Rate
The mean value calculated by dividing the sum of rates by the number of rates, often used in finance to determine interest rates or growth rates.
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