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-In the figure above, moving from point B to point D
Federal Government
The national government of a federal country, which shares sovereignty with the subnational governments (states, provinces, etc.).
Government Purchases
Expenditures by government bodies on goods and services that directly contribute to a nation's aggregate demand.
Social Security Payments
Government transfers paid to eligible individuals, such as the retired, disabled, and survivors, aimed at providing a basic level of financial security.
Private Pensions
Retirement plans offered by private sector employers, unions, or other organizations to provide income to employees after retiring.
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