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Identify/define and explain the significance of the following: Palestine.
Marginal Propensity To Save
The fraction of an increase in income that is saved rather than spent on consumption.
Recessionary Periods
Times characterized by a significant decline in economic activity across the economy, lasting more than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.
Tax Revenues
The income that is gained by governments through taxation, which is used to fund public services and government obligations.
National Income
The total amount of money earned within a country from the production of goods and services over a specific period of time.
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