Examlex
Match the following.
-sp
MPC (Marginal Propensity To Consume)
The proportion of an additional income that an individual tends to spend on consumption rather than saving.
GDP
Gross Domestic Product refers to the total monetary value of all goods and services produced within a country's borders in a given time frame, serving as an indicator of its economic performance.
Public Debt
The total amount of money that a government has borrowed and still owes.
Federal Budget Deficit
The financial shortfall when a government's expenditures exceed its revenues in a given fiscal year.
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