Question

Briefly explain the intergenerational equity problem related to budget deficits, including an illustrative example.

Answer 1

Intergenerational equity is defined as in economics, psycholigical, and sociological contexts, is the idea of the faireness, justice in generations. it can also apply the faireness between currently living generation and upcoming generations.if we talk about the the U.S. economy where uses intergenerational equity. the intergenerational equiity have various fields. like as economics, social policy and government budget. many of the U.S. city are growing through U.S. national debt is an example of internationational inequity, as future generations.

budget deficit is defined as the current expenditure exceed the income of amount recived through standard operations.