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In Latin America, what was the most successful aspect of the Alliance for Progress begun during the Kennedy administration?
GDP
Gross Domestic Product, the total value of all goods and services produced within a country over a specified period.
MPC
The marginal propensity to consume, which measures the portion of additional income that an individual spends on consumption instead of saving.
Multiplier
In macroeconomics, a factor that quantifies the effect of an initial change in the economy (such as investment or spending) on the total level of economic activity.
Automatic Stabilizers
Economic policies and programs designed to offset fluctuations in a nation's economic activity without additional government action.
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