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The Two Major Reasons for the Tremendous Growth in Output

question 27

Multiple Choice

The two major reasons for the tremendous growth in output in the U.S.economy over the last 125 years are

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Definitions:

50-Plus Age Group

Individuals aged 50 and older, often considered in marketing and health studies for their unique needs and lifestyles.

Over 70s

This term typically refers to people who are older than seventy years of age, often used in discussions about demographics, health care, and social services.

Age Sub-Cultures

Groups within a larger culture that are differentiated primarily on the basis of age, often having distinct values, practices, and interests.

Baby Boomers

The generational cohort born approximately between 1946 and 1964, known for experiencing significant economic, social, and cultural changes.

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