Examlex
_____ is a straightforward attempt to observe and record what naturally occurs.
GDP
Gross Domestic Product, a monetary measure of the market value of all final goods and services produced in a country during a specific period.
Automatic Stabilizer
Economic policies and programs, such as unemployment benefits, that automatically adjust to stabilize an economy's fluctuations without direct intervention by policymakers.
Welfare
Financial and social support programs provided by the government to assist individuals and families in need.
Transfer Payments
Money or benefits distributed by the government to individuals without requiring a direct exchange of goods or services, often aimed at providing social welfare.
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