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To find the combined population of North and South America, we need to add the populations of the two continents:
Population of North America: 5.15 x 10^8 people
Population of South America: 3.04 x 10^8 people
Combined population = 5.15 x 10^8 + 3.04 x 10^8
Combined population = 8.19 x 10^8
Therefore, the combined population of North and South America in 2007 was approximately 8.19 x 10^8 people.