Examlex
Of the elements below, is the most metallic.
Government Purchases
Expenditures on goods and services by government at all levels, excluding transfer payments.
Total Output
The total value of all goods and services produced in an economy during a specific time period.
Government Purchases
Involves spending by the government on goods and services that directly contribute to the economy's aggregate demand.
Real GDP
Real Gross Domestic Product, which is the inflation-adjusted measure of the total value of all goods and services produced within a certain time frame.
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