Which of the Following Is Not Correct

question 10

Multiple Choice

Which of the following is not correct?

• A)A potential cost of deficits is that they reduce national saving,thereby reducing growth of the capital stock and output growth.
• B)Deficits give people the opportunity to consume at the expense of their children,but they do not require them to do so.
• C)The U.S.debt per-person is large compared with average lifetime income.
• D)Current spending may benefit future generations.

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Definitions:

Initial Investment

The initial amount of money put into a project or venture at its inception.

Computer Equipment

Hardware used in the processing, storage, and display of data, including computers, servers, monitors, and related peripherals.

Accounting Records

Documentation and books that keep track of all financial transactions, assets, liabilities, income, and expenses of a business.

Accounting Equation

The fundamental equation stating that Assets = Liabilities + Owner's Equity, used as the basis for double-entry bookkeeping.