Examlex
The U.S.government increases its budget deficit,but at the same time Congress eliminates an investment tax credit.Which of the following is correct?
Economic Growth
The increase in the inflation-adjusted market value of the goods and services produced by an economy over time, reflecting improvements in living standards.
Funding
The act of providing financial resources, typically in the form of money, or other values such as effort or time, to support a program, project, business, or individual.
Scarcity
A fundamental economic problem of having seemingly unlimited human wants in a world with limited resources, which leads to the necessity of making choices on how to allocate resources.
Resources
Assets or inputs used in the production of goods and services, such as time, labor, and capital.
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