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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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