American Institute of Certified Planners (AICP) Practice Exam

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What does the Dynamic Method apply to in fiscal impact analysis?

Qualitative assessments of community needs
Time-series data from a jurisdiction
Spatial analysis of urban environments
Cost-benefit analyses of planning proposals

The correct answer is: Time-series data from a jurisdiction

The Dynamic Method in fiscal impact analysis specifically utilizes time-series data from a jurisdiction to assess how changes over time affect financial outcomes related to planning and development. This method focuses on trends, patterns, and the dynamics of economic factors, demographic shifts, and fiscal variables, allowing planners to predict future impacts based on historical data. By analyzing how a particular jurisdiction's financial health changes over time due to various factors like population growth, employment changes, and economic cycles, planners can develop models that reflect more accurately the potential fiscal outcomes of proposed developments or policy changes. This approach is particularly valuable for understanding long-term implications rather than just immediate effects, making it essential in effective fiscal impact analysis.