Recall Application 1, "New Methods to Measure the Long-Term Fiscal

Recall Application 1, "New Methods to Measure the Long-Term Fiscal Imbalances for the United States," to answer the
following questions:
-According to the application, Gokhale and Smetters method for measuring indebtedness:

A) included the present value of the gap between deficits and revenues, and added it to the current GDP.
B) included the present value of the gap between deficits and debts, and added it to the current national revenues.
C) included the future value of the gap between deficits and revenues, and added it to the current national debt.
D) included the present value of the gap between deficits and revenues, and added it to the current national debt.

Correct Answer:

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