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If Inputs Increase by 10% and Outputs Increase by 5

question 14

Multiple Choice

If inputs increase by 10% and outputs increase by 5%, what is the percentage change in productivity?


Definitions:

Pay

To settle a debt by transferring money or goods to another party as an exchange for services, products, or obligations.

Rent Due

The amount of money that is owed by a tenant to a landlord for the use of a property according to the terms of the lease agreement.

Vested Remainder

A future interest in property that is secured to a particular person and will become possessory upon the expiration of a prior estate without any conditions attached.

Reversionary Interest

A future interest in property that returns to the original owner or the owner's heirs after the expiration of a temporary estate.

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