Examlex
The emergence of the first cities occurred some 10,000 years ago.
Government Spending
The total amount of public expenditure by government entities on goods, services, and public projects.
Automatic Stabilizers
Economic policies and programs designed to offset fluctuations in a nation's economic activity without intervention by the government or policymakers, such as unemployment insurance and progressive taxation.
National Income
The total value of all goods and services produced by a country over a specific time period, adjusted for net income from foreign investments.
Federal Budget Deficit
The shortfall when a government's expenditures exceed its revenues within a specified fiscal period.
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