Write the Word or Phrase That Best Completes Each Statement

question 166

Short Answer

Write the word or phrase that best completes each statement or answers the question.
Provide the missing information.
-The graph of a constant function defined by f(x) = b is a (horizontal/vertical) line.

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Definitions:

Economic Growth

Growth in the inflation-corrected value of goods and services that an economy outputs over time.

Social Security

The U.S. social insurance program financed by a federal payroll tax that provides disability, retirement, and death benefits.

National Debt

The total amount of money that a country's government has borrowed, by various means, to finance its spending that exceeds tax revenues.

Deficit

An economic condition when a government's expenditures exceed its revenues, leading to borrowing or spending reserves.