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:

Publicly Held

A business with securities traded on public markets, allowing for public investment.

Privately Held

A description of a company whose ownership is private, meaning its shares are not traded on public stock exchanges.

Legal Costs

Legal Costs are expenses related to legal services such as attorney fees, court fees, and other expenditures incurred in the process of legal advice, litigation, or legal settlement.

Organization Expense

Costs associated with forming a business entity, such as legal fees, registration charges, and administrative expenses.