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What is a Giffen good?
Government Spending
Expenditures made by the government for its operations, provision of public services, or to stimulate the economy.
Imports
Products and offerings imported from foreign countries for the purpose of being sold.
Government Purchases
Expenditures made by the government for goods and services including infrastructure, public services, and national defense.
GDP
GDP represents the aggregate financial or market worth of all completed products and services generated inside the confines of a nation over a defined timeframe.
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