Examlex
If the government reports that "GDP increased at an annual rate of 6.0 percent for the fourth quarter of 2010," by how much did GDP increase?
Good
A tangible product or item that satisfies some human want or need.
Equilibrium Quantity
The quantity of goods or services supplied is exactly equal to the quantity demanded at the market price.
Market Demand
The total quantity of a good or service that all consumers in a market are willing and able to purchase at a given price.
Tax Revenue
Income that is gained by governments through taxation, used to fund public services and government obligations.
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