What is the purpose of a capital budget? How is capital budgeting the same or different for government and non-profit agencies?

2. What is the difference between pay-as-you-go and debt financing? How do governments and non-profit agencies use these tools? Describe situations wherein it would be more prudent to use each of these tools.

3. What is the difference between general obligation bonds and revenue bonds? What are the advantages and disadvantages of each?

4. How does public investing for capital projects influence private economic development?

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