Match the Following Abbreviations with Their Definitions

question 25

Multiple Choice

Match the following abbreviations with their definitions.
-Grain

• A)g
• B)gr
• C)gtt
• D)bid
• E)tid
• F)NPO
• G)hs
• H)a.c.
• I)p.c.
• J)c
• K)s

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Definitions:

National Debt

The sum total of finances that a nation's government has amassed in debt via various avenues.

Deficit

An economic condition where expenditures exceed revenue, common in government budgets.

Surplus

A situation where the quantity supplied of a good or service exceeds the quantity demanded at the current price.

Deflationary Gap

A situation where total spending (aggregate demand) in an economy is lower than the level required to sustain full employment output, leading to deflation and unemployment.