Examlex
Which of the following economic indicators is used by the World Bank to classify countries as industrial economies or developing countries?
Federal Budget
An itemized plan for the annual public expenditures of the United States, detailing government spending and revenue.
Paradox Of Thrift
The economic theory that personal savings can be detrimental to overall economic growth if too high, as they may reduce overall demand.
Great Recession
A severe global economic recession that occurred from late 2007 through mid-2009, characterized by widespread financial crisis, high unemployment, and significant drops in the economic activity.
High Inflation
A situation where prices for goods and services rise rapidly over a period, eroding purchasing power and potentially destabilizing the economy.
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