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1970s
The decade from 1970 to 1979, marked by significant political, social, and economic changes worldwide, including the end of the Vietnam War and the energy crisis.
European Union
A political and economic union of 27 European countries that participate in a unified international framework for political, social, and economic policies.
Merchandise Balance
The gap between what a nation exports and imports in terms of physical products.
Services Balance
The difference in value between a country's exported and imported services.
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