Examlex
A student was asked to the following question: "How would you describe the patterns of immigration to Megalopolis over the 19th and 20th centuries that led to the diversity of population that now characterizes the region?"
As an answer,this student wrote the following:
"In the early 19th century the main immigrant groups to the region were largely from Northern Europe,including English,Irish,and German settlers.However,by the late 19ᵗʰ century new immigrants from Latin America,Asia,and Africa came to dominate.After World War I though,restrictive quota laws meant that only immigrants from eastern and southern Europe could come to the region through the processing center on Ellis Island."
How would you judge this student's answer?
Government Borrowing
The act of the state borrowing money, often by issuing securities like bonds, to fund its expenditures beyond its income.
Automatic Stabilizers
Financial strategies and initiatives, including taxation and unemployment insurance, that inherently adapt to mitigate economic variations without the need for further action by the government.
Aggregate Output
The total value of all goods and services produced in an economy within a given period of time.
Tax Revenue
The government's income from taxes imposed on individuals, businesses, and other legal entities.
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