If the Nongovernment Share of GDP Shifts to the Right

question 125

True/False

If the nongovernment share of GDP shifts to the right, the government share of GDP will decline.

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Definitions:

Collateral Promise

A secondary promise made by a third party to assume responsibility for a debt obligation if the principal obligor fails to perform or pay.

Electronic Record

Information stored in a digital format that can be retrieved electronically.

Contractual Term

A contractual term is a provision or condition that forms part of a contract, outlining the rights and obligations of each party involved.

More than One Possible Meaning

A phrase denoting ambiguity, where a word, phrase, or situation can be understood in more than one way.