Examlex
Which of the following statements in relation to non-current assets is untrue?
Equilibrium GDP
The level of Gross Domestic Product (GDP) at which aggregate supply equals aggregate demand, indicating a state of economic balance.
National Debt
The total amount of money that a country's government has borrowed by various means, including foreign governments and domestic institutions.
Trillion Mark
A reference to a period of hyperinflation in Weimar Germany where the mark, the currency at the time, devalued to the point where trillions were needed for basic transactions.
Budget Deficit
The situation where a government's expenditures exceed its revenues over a specified period, leading to borrowing or money printing.
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