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Which factor, if included in the measurement of a country's GDP, would have an unclear effect (up or down) on well-being, or quality of life?
Pounds
A unit of weight commonly used in the British imperial and United States customary systems, equivalent to 0.453592 kilograms.
Contribution Margin
The difference between sales revenue and variable costs, used to cover fixed costs and profit.
Flexible Budget
A budget that adjusts or flexes with changes in volume or activity.
Variable Costs
Costs that vary directly with the level of production or service delivery.
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