Examlex
Suppose a small closed economy has GDP of $5 billion, consumption of $3 billion, and government expenditures of $1 billion. Then investment and national saving are both $1 billion.
GDP Per Capita
A measure of a country's economic output that accounts for its number of people, providing an average economic well-being indicator.
Happiness
A state of well-being and contentment, often considered as an aim of human life.
Satisfaction
The fulfillment of one's wishes, expectations, or needs, or the pleasure derived from this.
Budget Line
An illustrative depiction of every possible pairing of two items that could be bought within a set budget at unchanging prices.
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