A Structural Deficit Will Get Corrected Through the Working of Automatic

question 58

True/False

A structural deficit will get corrected through the working of automatic stabilizers in the economy.

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Definitions:

Economic Productivity

measures the efficiency of production in an economy, often calculated as the ratio of output to inputs in the production process.

Inflation

The economic condition characterized by a general increase in prices and fall in the purchasing value of money.

Quintile Distribution

A statistical measure used to divide a population into five equal groups based on a particular variable, such as income.

Income Share

The portion or percentage of national income or personal revenue received by an individual or group, often studied in the context of economic inequality.