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3 August, 12:50

What is the rate at which goods and services are produced based upon total output given total inputs?

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  1. 3 August, 12:57
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    This would be productivity. This is the metric that shows how well a country is using its resources, as well as how efficiently those resources are being implemented. Higher levels of productivity can bring larger profits to businesses, which can lead to higher employment and larger levels of future investment in those businesses.
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