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Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
Wordsum is a 10-item vocabulary test that has been included as an item on the General Social Survey (GSS) in most survey years since 1974. [1] Each of the test's items ranges in difficulty from very easy to very difficult. It is widely used in research in the social and behavioral sciences. [2]
Mandatory spending on health care is projected to expand from 5 percent of GDP in FY2016 to 14 percent in FY2089. Social Security, is projected to expand from 5 percent of GDP in FY 2016 to 7 percent of GDP by FY2089. [12] It is projected that if spending continues to increase, the deficit will reach 5.2 percent of GDP by 2027. [12]
Government deficit spending is a central point of controversy in economics, with prominent economists holding differing views. [3]The mainstream economics position is that deficit spending is desirable and necessary as part of countercyclical fiscal policy, but that there should not be a structural deficit (i.e., permanent deficit): The government should run deficits during recessions to ...
Household spending United States. In 1929, consumer spending was 75% of the nation's economy. This grew to 83% in 1932, when business spending dropped. Consumer spending dropped to about 50% during World War II due to large expenditures by the government and lack of consumer products. Consumer spending in the US rose from about 62% of GDP in ...
2 In reference to people engaged in an endeavor together, as in musical performance (other words denote three or more people in the same context: trio, quartet, etc.) Grand: 1,000 Slang for a thousand of some unit of currency, such as dollars or pounds. Gross: 144 Twelve dozen Score: 20
A cloze test (also cloze deletion test or occlusion test) is an exercise, test, or assessment in which a portion of text is masked and the participant is asked to fill in the masked portion of text. Cloze tests require the ability to understand the context and vocabulary in order to identify the correct language or part of speech that belongs ...
Government spending or expenditure includes all government consumption, investment, and transfer payments. [1] [2] In national income accounting, the acquisition by governments of goods and services for current use, to directly satisfy the individual or collective needs of the community, is classed as government final consumption expenditure.