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In the 2010s, the video game industry had a major impact on the economy through the sales of major systems and games such as Call of Duty: Black Ops, which had over $650 million of sales in the game's first five days and which set a five-day global record for a movie, book or video game. [65]
Bernanke explained that between 1996 and 2004, the U.S. current account deficit increased by $650 billion, from 1.5% to 5.8% of GDP. Financing these deficits required the country to borrow large sums from abroad, much of it from countries running trade surpluses. These were mainly the emerging economies in Asia and oil-exporting nations.
Tamil Nadu has the second largest economy of any state in India. [16] The state is also the most industrialised in the country. [17] [18] The state is 48.40% urbanised, accounting for around 9.26% of the urban population in the country, while the state as a whole accounted for 5.96% of India's total population in the 2011 census. [19]
The administration rescinded a regulation restricting federal funding to for-profit colleges unable to demonstrate that college graduates had a reasonable debt-to-earnings ratio after entering the job market. [270]