Generational Accounting

question 111

Multiple Choice

Generational accounting

• A) is a method of assessing the impact of fiscal policy lags from one generation to another.
• B) measures the number of generations it takes to pay off the national debt at a given point in time.
• C) evaluates the impact of current fiscal policies on different generations in the economy, including future generations.
• D) is an accounting method that defers to the future, the cost of any government policy the rewards of which will be reaped in the future.

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Definitions:

Identity Theft

The fraudulent acquisition and use of a person's private identifying information, usually for financial gain.

Federal Trade Commission

A United States federal agency established to enforce antitrust and consumer protection laws to ensure healthy competition and protect consumers from unfair business practices.

Consumer Products

Goods produced for personal use by the general public, including items for personal care, entertainment, and household use.

Fair Credit Reporting Act

A federal law designed to ensure accuracy, fairness, and privacy of information in the files of consumer reporting agencies.