Question: Interperiod equity refers to a condition whereby a. Total tax revenues are approximately the same from year to year b. Taxes are distributed fairly among

Interperiod equity refers to a condition whereby
a. Total tax revenues are approximately the same from year to year
b. Taxes are distributed fairly among all taxpayers, regardless of income level
c. Current-year revenues are sufficient to pay for current-year services
d. Current-year revenues cover both operating and capital expenditures

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