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One of the Main Determinants of Real GDP Per Person

question 16

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One of the main determinants of real GDP per person is the growth of capital per person. Which of the following variables does not determine the growth of capital per person in the long run?


Definitions:

Third Party Logistics

Refers to companies that provide outsourced logistics services to businesses, handling aspects like transportation, warehousing, and distribution.

Full Truckload Shipment

A shipping mode where a truck carries cargo sufficient to fill an entire trailer, maximizing capacity utilization.

High-low Pricing

A retail strategy where items are initially offered at high prices but later discounted to stimulate sales.

Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices during a specified period of time.

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