Examlex
In a short essay, discuss why simply examining a country's per capita GDP and its population doesn't necessarily lead to a good estimate for potential demand.
Real GDP
The measure of a country's economic output adjusted for price changes (inflation or deflation), reflecting the real quantity of goods and services produced.
Military Spending
Financial allocation by a government for the maintenance and operation of armed forces, including expenses related to salaries, equipment, training, and facilities.
Automatic Stabilizer
Economic policies and programs designed to offset fluctuations in a nation's economic activity without additional government action, such as progressive tax rates and unemployment benefits.
Government Purchases
Expenditures by government bodies on goods and services that directly absorb resources or services and are part of government consumption expenditure and gross investment.
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