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The vector sum of three co-planar forces
Budget Act
Legislation outlining how the government will manage its finances, including spending and revenue collection.
Fiscal Policy
Economic strategies involving tax and expenditure decisions by the government to affect the national economy.
Deflationary Gap
A situation in which the total spending in an economy is lower than the necessary amount to achieve full employment or potential output.
GDP
Gross Domestic Product, the total value of all goods and services produced within a country over a specified period.
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