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Government Expenditures
The total amount spent by the government for its operations, public services, and social welfare programs.
Aggregate Spending
The total spending on goods and services in an economy at a given overall price level and in a given time period.
Marginal Propensity
The ratio of change in an economic variable, such as consumption or saving, to a change in another, like income.
Consumption Spending
The total amount of money spent by households and consumers on durable goods, nondurable goods, and services.
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