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Suppose real GDP is $13 trillion,potential real GDP is $13.5 trillion,and Congress and the president plan to use fiscal policy to restore the economy to potential real GDP.Assuming a constant price level,Congress and the president would need to increase government purchases by
Balance Sheet Item
An individual entry, such as assets, liabilities, or equity, that appears on the balance sheet, detailing a company's financial position at a specific point in time.
Total Assets
The sum of all resources owned by an entity, reflected on its balance sheet.
Return On Assets
A profitability ratio that measures how effectively a company uses its assets to generate profit, calculated as net income divided by total assets.
Profit Margin
a financial metric that shows the percentage of revenue remaining after all costs, expenses, and taxes have been deducted, indicating the efficiency and profitability of a company.
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