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Figure: The Distribution of World Income
-(Figure: The Distribution of World Income) Refer to the figure.Based on the data in the figure,living standards in the United States are about how many times higher than the world average?
Per Annum
Annually or per year, often used in the context of interest rates or salaries.
Term Deposit
A type of bank deposit that has a fixed term and typically offers a higher interest rate than savings accounts.
Down Payment
An initial upfront portion of the total amount due, often associated with the purchase of expensive goods like homes or cars, which is paid at the time of the sale.
Term Deposit
A deposit at a financial institution that has a fixed term and typically offers a higher interest rate than a regular savings account.
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