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Government Debt
The total amount of money owed by the central and local governments of a country, resulting from borrowing to cover budget deficits.
GDP
Gross Domestic Product, the total market value of all finalized goods and services produced within a country's borders in a given time period.
Reagan Presidency
The period of U.S. governance under President Ronald Reagan, from 1981 to 1989, characterized by economic policies that emphasized tax cuts, deregulation, and increased defense spending.
Government Budget Deficit
The financial situation where a government's expenditures exceed its revenues within a specific period, leading to borrowing or depletion of reserves.
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