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affect the life of a person and bring about huge changes in his/her life like Culture, Population and Urbanization, Stratification, Social Change. This paper consist of two parts, one focus on the reflect essay of the writer and the second ...
amount by which total government spending is more than government income during a specified period; the amount of money which the government has to raise by borrowing or currency emission in order to make up for the shortfall in tax revenue...
the U.S. run a deficit? Since 1980 the deficit has grown very big. Some say its a bad thing, and predict possible doom, others say it is a safe and stable necessity to maintain a healthy economy. (Trietel, 1999) In the beginning the Governm...
national security of U.S; Tax payers will be paying around $600 billion in interest on the national debt by 2012, According to the Joint Chiefs of Staff committee chairman and all of American intelligence agencies apparently agreed to the a...
recession is a period of longer than twelve months during which the growth rate of Gross Domestic Product of an economy is negative. When there is growth, and there is inflation, it says there is stagflation. If the recession lasts for a lo...
national government finances the excess of expenditure over revenue by borrowing. For example, the U.K. government auctions off U.K. Treasury bills, notes, and bonds (U.K. bonds, hereafter). The U.K. Treasury defines the Gross Debt to be th...
lending institution invested huge capital in subprime market in the form of loan and mortgage, by projecting profitable returns. The fall down of the United State sub-prime credit industry in the middle of the year 2007 stimulated an exten...