12-3 Vocabulary JW
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| Real GDP per Capita | Real GDP divided by total population
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| Natural Resources | Raw materials supplied by nature. Examples: water, timber, minerals, oil, etc.
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| Human Resources | labor...people who produce goods and services; people who work for businesses.
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| Capital Resources | Tools, equipment used to produce goods and services.
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| innovation | An invention or creation that is brand new
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| Inputs | materials, labor used to produce goods and services.
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| Output | the material produced or yield; product created from mixing factors of production.
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| Factors of Production | Natural, Human, Capital, Technological Resources used to produce goods and services.
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| Labor input | The size of the labor force multiplied by the length of the workweek.
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| Capital deepening | An increase in the ratio of capital to labor.
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| Productivity | The ratio of the amount of output produced to the amount of input.
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| Multifactor productivity | The ratio between the amount of output produced by an industry or business sector and the amount of inputs used.
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You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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