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Designing a Scenario of Diverging Economic Indicators
Construct a hypothetical numerical example for a country over a two-year period. In your example, the country's total economic output must increase from Year 1 to Year 2, while the average economic output per person simultaneously decreases. Show the values you chose for total output and population for both years, and demonstrate the calculations that lead to this outcome.
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The table below provides economic data for three different countries. Based on this information, which option correctly ranks the countries from the largest population to the smallest population?
Country Total Economic Output Population Average Output per Person A $100 Billion 2 Million ? B $120 Billion ? $40,000 C ? 5 Million $30,000