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It is possible to decompose level 1 processes even farther,so for example,process 2.1 on a Level 1 DFD might become 2.1A,2.1B,2.1C,etc.
Nominal Wage Rate
The wage rate paid to employees expressed in current dollars, without adjustment for inflation or purchasing power.
Real Wage Rate
The purchasing power of wages, adjusted for inflation, indicating the actual goods and services that can be bought.
Marginal Revenue Product
The additional revenue generated from employing one more unit of a resource, like labor or capital.
Wage Rate
The amount of compensation paid per unit of time to an employee or worker for their services.
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