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BALANCE OF TRADE DEFICIT: An imbalance in a nation's balance of trade in which the payments for merchandise imports made by the country exceed payments for merchandise exports received by the country. This is also termed an unfavorable balance of trade. It's considered unfavorable because more goods are imported into the country than are exported out, meaning that domestic production is replaced with foriegn production, which then reduces domestic employment and income. A balance of trade deficit is often the source of a balance of payments deficit.
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AUTONOMOUS EXPENDITURE: An aggregate expenditure (you know them as consumption, investment, government purchases, and net exports) that is unrelated to national income or gross domestic product. These four aggregate expenditures are conveniently separated into two types, autonomous, which is our current topic of expenditures unrelated to national income or GDP, and induced expenditures, expenditures which ARE related to national income or GDP. Autonomous expenditures cause shocks in the macroeconomy, which result in changes in income and production. These income/production changes then "induce" further changes in aggregate expenditures, our induced expenditures. See also | aggregate expenditures | induced expenditure | consumption expenditures | investment expenditures | government purchases | net exports | gross domestic product | national income | business cycle | multiplier | accelerator |
Recommended Citation:AUTONOMOUS EXPENDITURE, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2023. [Accessed: November 28, 2023].
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ALTERNATIVE UNEMPLOYMENT RATES The official unemployment rate estimated and reported monthly by the Bureau of Labor Statistics (BLS) using data from Current Population Survey is one of six alternative measures of unemployment tracked and reported by the BLS, officially labeled sequentially U1 through U6. The "official" unemployment rate is U3. The other five measures seek to document different ways in which labor can be under utilized, including unemployment duration, job losers, discouraged workers, marginal workers, and part-time workers.
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BEIGE MUNDORTLE
[What's This?]
Today, you are likely to spend a great deal of time wandering around the downtown area hoping to buy either a how-to book on surfing the Internet or a computer that can play music and burn CDs. Be on the lookout for empty parking spaces that appear to be near the entrance to a store.
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It's estimated that the U.S. economy has about $20 million of counterfeit currency in circulation, less than 0.001 perecent of the total legal currency.
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"The marvelous thing about human beings is that we are perpetually reaching for the stars. The more we have, the more we want. And for this reason, we never have it all. " -- Joyce Brothers, psychologist
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CLI
Cost of Living Index
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