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Discuss the uses of multidimensional scaling.
Discretionary Policy
Economic policies based on the discretionary judgment of policymakers rather than set rules, often involving fiscal or monetary actions.
Budget Deficit
This occurs when a government's expenditures exceed its revenues during a specific budget period, leading to borrowing or using saved reserves.
Tax Rates
The percentage at which an individual or corporation is taxed, which can vary depending on income levels or the type of goods and services.
Tax Revenues
The income that is received by a government from taxpayers, used to fund public services and government operations.
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