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In terms of global GDP, what are the implications of the fact that the United States produces about $21\%$ percent of the total global output?

I. The US produces about 1 in 5 dollars of all goods and services produced in the world.
II. The US has one of the largest economies in the world.
III. The United States has average per capita production.


I only.


I and II only.


I and III only.


II and III only.


I, II, and III.

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