If You Were Reading the Guinness Book of World Records

question 74

Short Answer

If you were reading the Guinness Book of World Records and found that the oldest known human being had lived to the age of 138 years, you would recognize that there would be a need to -re-evaluate the _______________ life expectancy of about 120.​

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Definitions:

Cyclically Balanced

A fiscal policy strategy where government budgets are planned to balance over the business cycle, running surpluses in boom years and deficits during recessions.

Federal Deficits

The financial shortfall that occurs when a government's expenditures exceed its revenues in a given fiscal year.

Great Depression

A severe worldwide economic downturn that took place during the 1930s, marked by devastating economic contraction, high unemployment, and deflation.

Welfare Outlays

Expenditures made by governments aimed at supporting the wellbeing of citizens, including benefits for the unemployed, poor, disabled and elderly.