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National Debt
The total amount of money that a country's government has borrowed by various means, including foreign governments and domestic institutions.
Trillion Mark
A reference to a period of hyperinflation in Weimar Germany where the mark, the currency at the time, devalued to the point where trillions were needed for basic transactions.
Budget Deficit
The situation where a government's expenditures exceed its revenues over a specified period, leading to borrowing or money printing.
Tax Receipts
The total amount of tax revenue collected by a government from individuals and businesses.
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Q49: Which of the following can be used
Q50: "Consumer surplus" is the extra product consumers
Q55: Excess capacity often leads firms to cut