The Expansion of Office Work Marks the Growth of the Economy's

question 117

Multiple Choice

The expansion of office work marks the growth of the economy's

• A)primary sector.
• B)secondary sector.
• C)tertiary sector.
• D)None of these responses is correct.

---

Definitions:

Functional Finance

A budget philosophy using fiscal policy to achieve the economy’s potential GDP, rather than balancing budgets either annually or over the business cycle.

Chronic Deficits

Persistent shortfalls where expenditures exceed revenues over a long period, often leading to increased public debt.

National Debt

The total amount of money that a country's government has borrowed.

Automatic Stabilizers

Economic policies and programs, such as unemployment insurance and taxation, that automatically adjust to help stabilize an economy during fluctuations.