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When There Are Sustained Increases in Real GDP Over Time

question 14

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When there are sustained increases in real GDP over time, we say that the economy is undergoing


Definitions:

Urbanization

is the process by which cities grow and societies become more urban in character, often characterized by a decrease in rural population and an increase in urban living.

Economic Inequality

The unequal distribution of wealth, income, and economic resources among individuals, households, or communities within a society or globally.

Suicide Victim

An individual who has died as a result of intentionally ending their own life.

Typical Reaction

The common or expected response that people have to a particular situation or stimulus.

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