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Industrial market countries make up about _____ of the world population but produce more than _____ of the world's output.
A) 16 percent;50 percent
B) 40 percent;75 percent
C) 40 percent;58 percent
D) 55 percent;65 percent
E) 38 percent;55 percent
Industrial Market Countries
Economically advanced capitalist countries of Western Europe, North America, Australia, New Zealand, and Japan; also known as developed countries and high-income economies.
World Population
The total number of living humans on Earth at a given time, a figure that has been subject to rapid growth over the last century.
World's Output
The total production of goods and services by all countries around the globe over a specific time period.
- Discern the role of economic structures and policies in shaping productivity and living standards.
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Learning Objectives
- Discern the role of economic structures and policies in shaping productivity and living standards.
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