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Define the following: Capital gains Capital losses Government budget deficit Liabilities Net worth Wealth Life-cycle savings Precautionary savings stocks flow Wealth Write why is household

Define the following:

Capital gains
Capital losses
Government budget deficit
Liabilities
Net worth
Wealth
Life-cycle savings
Precautionary savings
stocks
flow
Wealth

Write why is household saving in the US are so low? Why did it dropped recently?

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