Examlex
What role did Calvinist beliefs play in the evolution of political, economic, and social developments and morality laws of the Massachusetts Bay Colony?
Production Predominates
A condition where the manufacturing or creation of goods is the dominant economic activity in a particular area or sector.
Savings Rate
The percentage of income that is not spent on consumption but instead is saved or invested for future use.
Federal Budget Deficit
Occurs when the government's expenditures exceed its revenues in a fiscal year, leading to the need for borrowing to finance the gap.
Trade Deficit
Another term for Balance-of-Trade Deficit, referring to the scenario where a country's imports of goods and services are greater than its exports.
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