Examlex
The economic and social constraints on political decision makers that promote the status quo refers to __________.
GATT
General Agreement on Tariffs and Trade, a multilateral agreement regulating international trade aimed at reducing or eliminating trade barriers like tariffs and quotas.
Congress
The legislative body of the United States government, consisting of two houses: the Senate and the House of Representatives, responsible for making federal laws.
Trade Deficit
A situation where a country's imports exceed its exports within a specified time period, indicating an outflow of domestic currency to foreign markets.
GDP Formula
The GDP formula calculates a country's Gross Domestic Product, typically as the sum of private consumption, government spending, investments, and net exports.
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