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The "implicit debt" accompanying the Social Security and Medicare programs is
Soccer Match
A competitive game of soccer played between two teams, adhering to specific rules and durations as specified by the sport's governing body.
Average Fixed Costs
The fixed costs (expenses that do not change with the level of output) divided by the quantity of output produced. It decreases as output increases.
Output
The total amount of goods or services produced by a business, industry, or economy.
Third Industrial Revolution
The Third Industrial Revolution refers to the period marked by the digital revolution and the use of electronics and information technology to automate production that began in the late 20th century.
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