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Economic Growth
An increase in the production of goods and services in an economy over a period of time, usually measured by the rise in GDP.
Federal Budget Deficit
A situation where the federal government's expenditures exceed its revenues within a given fiscal year.
Paradox of Thrift
If everyone tries to save more, they will all end up saving less.
Consumption
The use of goods and services by households, which is a key component in calculating a country's Gross Domestic Product (GDP).
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