Examlex
Identify and give the historical significance of each of the following terms, events, and people in a paragraph or two.
-Americanization
Flow Variable
A variable that is measured over a specific period of time, representing dynamic elements of an economy like income or spending.
Federal Budget Deficit
The deficit occurring when government spending surpasses its income in a specific fiscal year.
National Debt
The total amount of money that a country's government has borrowed, by various means, and has yet to repay.
Federal Government Budget Deficit
The financial situation in which the federal government's expenditures exceed its revenues, leading to borrowing and debt accumulation.
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