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In 1961, Real GDP Totaled $575 Billion and in 2011

question 33

Multiple Choice

In 1961, real GDP totaled $575 billion and in 2011 it totaled $1,255 billion. Between 1961 and 2011, the population increased from 50 million to 100 million. Between 1961 and 2011, the standard of living based on real GDP per person

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Definitions:

Economic Growth

An increase in the production of goods and services in an economy over a period of time, indicating improvements in living standards and economic health.

Genetic Pollution

Genetic pollution is the controversial term for uncontrolled gene flow into wild populations, often from genetically modified organisms to natural species, potentially threatening biodiversity.

High Tech

Technology that is at the cutting edge; the most advanced technology available.

Big Tech

Large and dominant companies in the technology sector, often characterized by significant influence over the market, politics, and society.

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