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The system that measures the lifetime tax burden and benefits of each generation is called O A. actuarial accounting, OB. act
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Answer #1

The system that measures the lifetime tax burden and benefits of each generation is called generational accounting.

Actuarial accounting is based on accounting system which is used statistical analysis so option B is incorrect.

Actuarial accounting and generational actuary is not the terms related to tax burden but it is the term which is used for risk using maths and statistics.so option B and D are also incorrect.

Hence option C is the correct statement.

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