Examlex
The basic principles guiding adult education include all of the following except
Real GDP
Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced in a country using constant prices.
Balanced Budget Amendment
A proposed amendment to a government's constitution that requires the annual budget to be balanced, so that expenditures do not exceed revenues.
Crowding-out
is an economic theory suggesting that increased government spending leads to a reduction in private sector spending, potentially due to higher interest rates.
Full Employment
A situation in an economy when all available labor resources are being used in the most efficient way possible, typically characterized by the absence of cyclical unemployment.
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