Examlex
The value of a dollar in the future is greater than the value of a dollar today because interest is added.
Spending Multiplier
The ratio of a change in aggregate income to the initial change in spending that brought it about, illustrating the larger impact on income.
Government Purchases
Expenditures made by the public sector on goods and services, including infrastructure and public safety.
Net Taxes
The total amount of taxes collected by the government minus any transfer payments and subsidies.
GDP
Gross Domestic Product, a measure of the economic performance of a country, evaluating the total value of all goods and services produced over a specific time period.
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