Examlex
If an economy has to sacrifice increasing amounts of good X for each additional unit of good Y produced,then its production possibility frontier is:
National Debt
The sum of funds that a nation's government has acquired through different borrowing methods.
Deficit
A financial situation where expenses exceed revenues, income, or assets for a certain period, often referring to government budgets.
Federal Budget Deficit
The financial situation where the government's expenditures exceed its revenues in a given fiscal year, leading to borrowing.
Fiscal Year
Budget year. U.S. federal budget fiscal year begins on October 1.
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