Examlex
Which of the following statements is true?
National Income
The total income earned by a nation's people and businesses, including wages, rent, interest, and profits.
Discretionary Fiscal Policy
involves deliberate changes by government in taxation and spending policies intended to stabilize or stimulate the economy.
Legislative Changes
Modifications or amendments made to existing laws or the introduction of new laws by a governing body or legislature.
Budget Deficit
The financial situation where an entity’s expenditures exceed its revenues.
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