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Maxwell developed his theory of electromagnetism by combining previous discoveries. He added his own original hypothesis that:
Public Debt
The total amount of money that a government owes to creditors, often as a result of deficit spending.
Federal Government Deficits
Occurs when a government's expenditures exceed its revenues during a specific fiscal period, leading to borrowing or debt accumulation.
Fiscal Policy
Government modifications of its expenditure levels and tax policies to observe and manage a country's economic condition.
National Income
The total amount of money earned within a country, including wages, rent, interest, and profit, reflecting the overall economic activity.
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