Which of the Following Goals Is Stated in a Way

question 17

Multiple Choice

Which of the following goals is stated in a way that is most useful for developing a financial plan?

• A) Make a $12,000 down payment on an automobile in 4 years
• B) Retire with a comfortable lifestyle in 25 years
• C) Buy a $125,000 house in 6 years
• D) Purchase a $40,000 boat
• E) Join the country club when retired in 20 years

---

Definitions:

Federal Budget Deficit

The financial situation where the federal government's expenditures exceed its revenues in a given fiscal year.

National Debt

The total amount of money that a country's government has borrowed by various means.

Fiscal Policy

Government policies concerning taxation and spending that are aimed at influencing economic conditions, including promoting economic growth, controlling inflation, and reducing unemployment.

Government Deficit

Occurs when a government's expenditures exceed its revenues during a specific period, leading to borrowing or drawing from reserves.