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Planned Aggregate Expenditures
The total planned spending in an economy, including consumption, investment, government purchases, and net exports at a given level of income.
Net Taxes
The difference between total taxes levied by the government and the total transfer payments and subsidies it pays out.
Disposable Income
The amount of money an individual or household has to spend or save after income taxes have been deducted.
Naval Research Laboratory
The United States Navy's corporate laboratory that conducts a broad program of scientific research, applied research, technological development, and prototyping.
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