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Developmentalists recognize four major domains of development, which are:
Recessionary Gap
A situation in an economy where the actual output is less than the potential output, indicating underutilized resources and unemployment.
Raise G
This term is ambiguous without context, but it could refer to increasing government spending or investment in certain contexts.
Social Security Tax
A tax paid equally by employee and employer, based on employee’s wages. Most proceeds are used to pay Social Security retirement and Medicare benefits.
Personal Income Tax
A tax levied on individuals or entities based on their income or profits.
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