Term
| Gross domestic product (GDP) |
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Definition
| The total value of the goods and services produced in a country in a given year |
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| The level of material comfort as measured by the goods and services that are available |
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| A general increase in the cost and goods of services |
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| A general decrease in the cost of goods and services |
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| When the government spends more on programs than it collects in taxes |
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| The total amount of money a government owes |
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| A situation in which a government's revenue exceeds it expenditures during a one-year period |
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| Any commercial activity that seeks profit by providing goods and services to others in exchange for money |
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| A peak of economic activity |
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| A slowdown of economic activity |
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| A deep recession that affects the entire economy and lasts for several years |
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| A rise in business activity after a recession or depression |
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| To change the place, position, or direction of |
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| Special importance or significance |
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| The result of adding numbers |
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| A portion of time determined by some recurring phenomenom |
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| Marked by extraordinarily great size, number, or degree |
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| A definite course or method of action selected from among alternatives and in a light of given conditions to guide and determine present and future decisions |
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| To obtain by paying money or its equivalent |
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