To compare marginal benefits with marginal costs that are realized at different times, benefits and costs must be adjusted to reflect their values at the time a decision is made about them. The adjustment reflects expected returns to investment compounded over time.
Standard detail
3.
Benchmark
Depth 1Parent ID: 25E9304E35A64210B2B6699B3420E52FStandard set: Grades 9, 10, 11, 12
Original statement
Quick facts
- Statement code
- 3.
- List ID
- 3.
- Standard ID
- C2813E4BD576406C9E20C9F59350D2F7
- ASN identifier
- S2604673
- Subject
- Economics
- Grades
- 09, 10, 11, 12
- Ancestor IDs
- 25E9304E35A64210B2B6699B3420E52F
- Source document
- Voluntary National Content Standards in Economics (2010)
- License
- CC BY 3.0 US