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Match the Term with the Appropriate Phrase

question 52

Multiple Choice

Match the term with the appropriate phrase. You may use each answer once, more than once or not at all.
-spit


Definitions:

Taxation

The process by which governments charge fees on individual or corporate income, activities, or products to fund government activities.

Expenditures

The total amount spent on goods and services, including both personal consumption and investment by businesses.

Income

Income is the money received, especially on a regular basis, for work or through investments.

Real GDP

A macroeconomic measure of the value of economic output adjusted for price changes (inflation or deflation), giving a more accurate depiction of an economy's size and growth rate.

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