Examlex
Bert owns a bond that will pay him $75 each year in interest plus a $1,000 principal payment at maturity.What is the $1,000 called?
Tax Revenue
The income that is collected by the government through various forms of taxes, used to fund public services and obligations.
Government Spending
Expenditures by government bodies on goods and services that influence the economy's overall activity.
Recessionary Gap
A situation in macroeconomics when an economy operates below its full-employment equilibrium, leading to a gap in output.
Government Spending
The total amount of public expenditure by government entities on goods, services, and public projects.
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