The Concept of Capital Budgeting Refers to the Idea That

The concept of capital budgeting refers to the idea that

A) government budgets should be designed to be balanced,while fully recognizing that changing economic circumstances may prevent such balance.
B) if the debt-to-GDP ratio rises to unacceptable levels,the central bank can monetize portions of the government debt.
C) counter-cyclical fiscal policy is included in the government budget.
D) the government would classify all expenditures as either consumption (benefiting current generations) or investment (benefiting future generations) .
E) the government would direct a fixed percentage of its budget toward investment expenditure that would benefit future generations.