Examlex
What is Simplified English?
Federal Spending
The total amount of money spent by the national government on various programs, services, and initiatives.
Borrowing
The act of obtaining funds from another party with the promise to repay the principal amount along with interest or dividends.
Economic Growth
An increase in the production of goods and services in an economy over a period, often measured as the percent rate of increase in real GDP.
OECD
An international organization (Organisation for Economic Co-operation and Development) that promotes policies to improve the economic and social well-being of people around the world.
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