Examlex
Write the meaning of each abbreviation.
-RAIU ____________________
Productivity Growth Rates
The rate at which the efficiency of production of goods and services increases over time, leading to more output per unit of input.
Employment Growth
An increase in the number of people employed in an economy, indicating a growing workforce.
Output Per Capita
A measure of a country's economic output that accounts for its population, often used to compare economic productivity and living standards across different nations.
Standard of Living
The level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or a certain geographic area.
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