What can you do if your budget shows an annual budget deficit?
A)Liquidate enough savings and investments to meet the total budget shortfall for the year.
B)Borrow enough to meet the total budget shortfall for the year.
C)Cut low-priority expenses from the budget.
D)Increase income.
E)All of the above.

Question

Quizplus · Accepted Answer

All of the above choices are valid options for addressing an annual budget deficit. Liquidating savings and investments or borrowing money can provide short-term relief, but it is important to address the root causes of the deficit. Cutting low-priority expenses and increasing income can help to achieve a more balanced budget in the long term. It is recommended to use a combination of strategies that align with your financial goals and values.

What Can You Do If Your Budget Shows an Annual