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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 ...
In fiscal year (FY) 1965, mandatory spending accounted for 5.7 percent of gross domestic product (GDP). [4] In FY 2016, mandatory spending accounted for about 60 percent of the federal budget and over 13 percent of GDP. [5] Mandatory spending received $2.4 trillion of the total $3.9 trillion of federal spending in 2016. [5]
Thesaurus Linguae Latinae. A modern english thesaurus. A thesaurus (pl.: thesauri or thesauruses), sometimes called a synonym dictionary or dictionary of synonyms, is a reference work which arranges words by their meanings (or in simpler terms, a book where one can find different words with similar meanings to other words), [1] [2] sometimes as a hierarchy of broader and narrower terms ...
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]
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 ...
[3] [4] A distance of twenty yards in ancient archery and gunnery. [5] Threescore: 60 Three score (3x20) Large: 1,000 Slang for one thousand Myriad: 10,000 Loosely refers to a very large quantity Pair: 2 Often in reference to identical objects Trio: 3 Referring to people working or collaborating especially in musical performance Few: 3 Small ...
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 ...
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 ...