The Present Value of the Government's Commitments to Pay Benefits

question 134

Multiple Choice

The present value of the government's commitments to pay benefits minus the present value of its tax revenues is called

• A) calculated fiscal obligations.
• B) fiscal imbalance.
• C) fiscal balance.
• D) fiscal obligations.

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Definitions:

Range of Convenience

The scope or area within which a particular activity, concept, or object is considered appropriate, useful, or accessible.

Self-Actualizing

A term coined by Abraham Maslow referring to the realization or fulfillment of one's talents and potentialities, especially considered as a drive or need present in everyone.

Low Risk Choice

A decision made under conditions of uncertainty that has the least potential for negative consequences.

Hostile Manner

A way of behaving or communicating that is aggressive, unfriendly, and antagonistic.