Which of the following is a conclusion of using the generational accounting measure?
a) Males born in 1998 are projected to pay less in taxes than they will receive in benefits from the government.
b) Males born in 1998 are project to pay more in taxes than they will receive in benefits from the government.
c) Males over the age of 60 are projected to pay more in taxes than they will receive in benefits from the government over their lifetime.
d) Both a and c are correct.
e) Both b and c are correct.
Which of the following is true?
a) Both debt and deficit are flow variables.
b) Debt is a stock variable while deficit is a flow variable.
c) Debt is a flow variable while deficit is a stock variable.
d) Debt is measured in dollars while deficits are measured in jobs lost.
e) Both c and d are correct.