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In the notation of the book,K = (1 - ) Kl + (1 - ) i Which of the following are correct?
Federal Deficits
The financial situation in which the government's expenditures exceed its revenues in a given fiscal year.
Public Capital
Assets owned by the public sector or government, including infrastructure like roads, bridges, schools, and hospitals that are used for public services.
Income Redistribution
The transfer of income from certain individuals or groups to others through government policies like taxation and social benefits.
Government Securities
Financial instruments issued by a government to finance its expenditure, including bonds, bills, and notes.
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