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For the logistic model,the predicted values of the response variables can always be interpreted as probabilities.
National Debt
The total amount of money that a country's government has borrowed, by various means.
Budget Deficits
The situation when a government's expenditures exceed its revenues within a specific period, leading to borrowing or debt accumulation.
Government Spending
The total amount of money that a government spends on public services, defense, welfare, infrastructure projects, and other areas.
Tax Rate
The percentage at which an individual or corporation is taxed.
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