Examlex
Policy gridlock often occurs due to ______.
GDP
Gross Domestic Product refers to the total monetary value of all goods and services produced within a country's borders in a given time frame, serving as an indicator of its economic performance.
Public Debt
The total amount of money that a government has borrowed and still owes.
Federal Budget Deficit
The financial shortfall when a government's expenditures exceed its revenues in a given fiscal year.
Federal Budget Surplus
The situation where a government's revenue exceeds its spending during a fiscal period.
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