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Chinese parents integrate Confucian traditions of strict discipline and social obligations into their personal stories to
Real GDP
Gross Domestic Product adjusted for inflation, reflecting the value of all goods and services produced by an economy in a given year at constant prices.
Net Taxes
The net amount of money paid to the government through taxes after deducting any government transfers or subsidies received.
Supply-Side Economics
An economic theory proposing that by lowering taxes and reducing regulations to stimulate production, economic growth is achievable.
Aggregate Supply
The overall volume of goods and services that companies in a nation expect to provide for purchase during a certain timeframe.
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