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In the circular flow diagram what are the three types of payments from firms to factors of production? Is the sum of these payments greater than, less than, or equal to GDP?
Severe Blizzard
A violent snowstorm characterized by strong winds, low temperatures, and low visibility lasting for a prolonged period.
Competition
An ecological interaction where different species or individuals within the same species vie for the same resources in an ecosystem.
Environmental Degradation
The deterioration of the environment through the depletion of resources, the destruction of ecosystems, and the extinction of wildlife.
Population Growth
The increase in the number of individuals in a population, often measured as the change in population size over time.
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