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FEDERAL SURPLUS: The difference between federal government spending and taxes when taxes are greater than spending.

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THREE-SECTOR, THREE-MARKET CIRCULAR FLOW

A circular flow model of the macroeconomy containing three sectors (business, household, and government) and three markets (product, factor, and financial) that illustrates the continuous movement of the payments for goods and services between producers and consumers, with particular emphasis on taxes and government purchases. Other circular models are two-sector, two-market circular flow; two-sector, three-market circular flow; and four-sector, three-market circular flow.

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APLS

YELLOW CHIPPEROON
[What's This?]

Today, you are likely to spend a great deal of time searching for a specialty store trying to buy either an instructional DVD on learning to the play the oboe or a small, foam rubber football. Be on the lookout for florescent light bulbs that hum folk songs from the sixties.
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This isn't me! What am I?

The average length of a "business lunch" is about 36 minutes.
"Leadership is based on inspiration, not domination; on cooperation, not intimidation. "

-- William A. Ward

AAT
Association of Accounting Technicians
A PEDestrian's Guide
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