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Group members generated a list of potential solutions to the problem and during the evaluation of these ideas, Ripp spoke up, "It seems like we're veering away from the real problem. Could somebody summarizethe outcome of our problem analysis, so we can determine if we're still on the right track? By saying this, Ripp was
Per Capita GDP
The average economic output per person, calculated by dividing the GDP of a country by its population.
Income Levels
The range of earnings of individuals or groups, reflecting economic status, which can influence buying power and standard of living.
Trade Restrictions
Measures such as tariffs, quotas, and embargoes that governments use to control the amount of trade across their borders.
Free Trade
Free trade is a policy of minimal restrictions on the international exchange of goods and services, allowing goods to move freely across borders.
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