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Federal Outlays
Government spending or expenditures, including on services, social security, defense, and interest on debt.
Stock Variable
A measurement at a specific point in time, such as the amount of money in a bank account or stock of goods.
Flow Variable
A variable that is measured over a specific period of time, representing dynamic elements of an economy like income or spending.
Federal Budget Deficit
The deficit occurring when government spending surpasses its income in a specific fiscal year.
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