A Nation Can Forecast the Following Year's Deficit Without Knowing

question 100

True/False

A nation can forecast the following year's deficit without knowing how fast GDP will grow.
Because of automatic stabilizers,the revenue and expenses of the government are sensitive to the budget cycle and the economic growth rate.

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Definitions:

Human-Relations Approach

A management strategy focusing on improving interpersonal skills, worker satisfaction, and the dynamic between employees and management to enhance productivity.

Theory Y

A human resources management theory that assumes employees are intrinsically motivated, seek responsibility, and can be creative and innovative, suggesting a participative management style.

Job Performance

The level of effectiveness with which job tasks are carried out by an employee.

Job Satisfaction

The degree of pleasure an individual derives from their job, impacting their motivation and performance.