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If the Hubble constant were equal to 50 km/s/Mpc,what would the approximate age of the universe (the Hubble time)be,assuming that the expansion rate has stayed approximately constant over time? Note that 1 Mpc = 3.1 × 1019 km and 1 year = 3.17 × 107 s.
Federal Government's Budget
The financial plan for a fiscal year, detailing the government's projected expenses and revenues, managed by the federal government.
Recessionary Gap
A situation where the real GDP is lower than the potential GDP, and the economy is producing below its capacity.
Income Tax Surcharge
An additional charge on the basic income tax liability, often applied to higher income brackets to collect additional revenue from them.
Federal Deficit
The amount by which the government's total budget outlays exceed its total receipts for a fiscal year.
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