Examlex
Mary decreases her consumption of Good X after the price of Good Y decreased. For Mary
Military Spending
Financial allocations by a government for the maintenance and development of its armed forces and defense-related activities.
GNP
Gross National Product, the total value of goods and services produced by the residents of a country within a specific time period.
GDP
Gross Domestic Product, a measure of the total economic output of a country, representing the value of all goods and services produced over a specific time period.
Savings Rate
The savings rate is a measure of the proportion of disposable income that households save rather than spend on consumption.
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