Match the Technology with Its Classification

question 30

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Match the technology with its classification.

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Definitions:

Built-in Stabilizer

Economic policies or instruments, like progressive taxation and welfare, that automatically reduce the amplitude of economic fluctuations without additional government intervention.

Progressive Income Tax

A tax system in which the tax rate increases as the taxable amount increases, generally applied to income tax to ensure higher earners pay a larger percentage of their income.

Unemployment Compensation

Unemployment Compensation is a government-provided financial assistance to individuals who have lost their job through no fault of their own, aiming to support them temporarily.

Tax Revenue

The income that is collected by the government through various forms of taxes, used to fund public services and obligations.