Examlex
An instrument is rated at 250 W if it is connected across a 120-V dc power supply.
(a) What current does it draw under normal operation?
(b) What is its resistance?
(c) How many kilowatt-hours does it use in a day if it is left on all the time?
Government Spending
Refers to the total expenditure incurred by the government on various goods, services, and projects to fulfill its economic and social objectives.
National Income
The total income earned by a country's people and businesses, including wages, profits, and rent, over a specific period.
Crowding-Out Effect
The phenomenon where increased government spending leads to a reduction in private sector spending and investment, due to higher interest rates or other factors.
Private Investment
The expenditure on capital goods by private sector firms or individuals to increase their production capacity or asset portfolio.
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