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What Has Happened to the Real Value of World Merchandise

question 78

Essay

What has happened to the real value of world merchandise trade over the past 40 years? Why has this change happened?


Definitions:

Complex Number

A number that can be expressed in the form a + bi, where a and b are real numbers and i is the square root of -1.

Standard Form

A way of writing numbers, typically large or small, using powers of ten, or a general way of writing equations in mathematics.

Complex Number

A number that can be expressed in the form a + bi, where a and b are real numbers and i is the imaginary unit.

Multiplicative Inverse

The number that, when multiplied by a given number, results in a product of one. It is also known as the reciprocal.

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