In 1952, a UNIVAC I Cost $12 Million

question 24

True/False

In 1952, a UNIVAC I cost $12 million.

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Definitions:

Government Borrowing

The process by which the government raises funds through issuing debt instruments, such as bonds, to finance its spending.

Budget Deficit

A financial situation where an entity’s expenditures exceed its revenues over a specified period, leading to a shortfall that must be financed through borrowing.

Government Borrowing

The process by which a government raises funds to finance its operations and projects by issuing debt instruments, such as bonds.

Interest Rates

The cost of borrowing money or the return for investing, expressed as a percentage of the principal.