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When a New England farm is abandoned,its formerly plowed fields first become weedy meadows,then shrubby areas,and finally forest.This sequence of plant communities is an example of
Growth Rate
The rate at which a company's sales or revenues increase over a specified time period.
Catch-Up Growth
The process by which a country or economy grows rapidly in order to close the gap with more developed economies.
GDP Per Person
A measure of a country's economic output that accounts for its population, calculated by dividing the GDP by the total population.
Real GDP
The total value of all goods and services produced by a country in a year, adjusted for inflation, reflecting the economy's actual growth.
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