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True or False
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1
The United States has 5% of the world's population, yet produces 20% of the world's output.
A)True
B)False
2
On average, the growth rate of the United States has increased on average 5% a year.
A)True
B)False
3
Business Investment spending is the largest component of GDP.
A)True
B)False
4
The United States economy owes its standard of living to investments in human capital and technological advances.
A)True
B)False
5
Income inequality in the United States is more severe than other countries in the world.
A)True
B)False





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