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The Rapid Development of Microcomputer Processing Power, Application Software Packages

question 42

Multiple Choice

The rapid development of microcomputer processing power, application software packages, and telecommunications networks gave birth to the phenomenon of _______________.


Definitions:

Government Transfer Programs

Policies and initiatives where the government redistributes income through mechanisms such as social security, welfare, and unemployment benefits.

Social Security

A government program that provides financial assistance to people with inadequate or no income, particularly the elderly, disabled, and survivors.

Medicare

A federal health insurance program in the United States for people aged 65 and older, as well as for some younger individuals with disabilities.

Federal Budget Deficit

The financial shortfall when the federal government's expenditures exceed its revenues in a fiscal year.

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