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The Whole Elephant

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by Timothy Mr. Irwin
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The Whole Elephant by Timothy Mr. Irwin

Although the budget deficit is much discussed in political debate and economic research, there is no agreement on how it should be measured. There are at least four options, which can be called the cash deficit, the financial deficit, the full-accrual deficit, and the comprehensive deficit. Each is informative, but each has problems of relevance or reliability. Some are more vulnerable to manipulation involving assets and liabilities that are unrecognized in the underlying accounting, others to manipulation involving the mismeasurement of recognized assets and liabilities. Governments should publish all four in a form that reveals their interrelationships.

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Ebook Details
Pages: 24
Size: 1.1 MB
Date published:   2015
ISBN: 9781513533957 (DRM-EPUB)

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This product is listed in the following categories:

Nonfiction > Business & Economics > Finance
Nonfiction > Business & Economics > International > Economics

This author has products in the following categories:

Nonfiction > Business & Economics > Economics
Nonfiction > Business & Economics > International > Economics
Nonfiction > Business & Economics > Economics > Macroeconomics
Nonfiction > Business & Economics > Finance

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