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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:

  1. Capital gains
  2. Capital losses
  3. Government budget deficit
  4. Liabilities
  5. Net worth
  6. Wealth
  7. Life-cycle savings
  8. Precautionary savings
  9. stocks
  10. flow
  11. Wealth

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

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