Examlex
Tim mows the yard for his neighbors.He spends $1 on gas and charges them $20 for each lawn he mows.What's the total contribution to GDP each time Tim mows a yard?
Great Recession
A severe global economic downturn that occurred from late 2007 through mid-2009, marked by widespread financial instability and significant job losses.
Housing Prices
The cost associated with purchasing residential properties, which can fluctuate based on market conditions, location, and property characteristics.
Lehman Brothers
A global financial services firm whose bankruptcy in 2008 was a major catalyst for the global financial crisis, highlighting issues within the U.S. banking and investment sector.
AIG Bailout
A series of financial support measures provided by the U.S. government in 2008 to prevent the collapse of the insurance giant AIG, deemed "too big to fail" during the financial crisis.
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