Thank you for visiting Select the correct locations in the table The table shows the federal government s budgeted revenue and expenditures from 2001 through 2010 Identify the years. This page is designed to guide you through key points and clear explanations related to the topic at hand. We aim to make your learning experience smooth, insightful, and informative. Dive in and discover the answers you're looking for!
Answer :
We want to determine the years in which the federal government achieved a budget surplus. A budget surplus occurs when the revenue for a year is greater than the expenditure for that year. In other words, for a given year, if
[tex]$$\text{Revenue} - \text{Expenditure} > 0,$$[/tex]
then that year has a surplus.
Let's examine each year one by one:
1. 2001:
Revenue = \[tex]$8 trillion and Expenditure = \$[/tex]6 trillion.
The surplus is
[tex]$$8 - 6 = 2,$$[/tex]
which is positive. Thus, 2001 had a budget surplus.
2. 2002:
Revenue = \[tex]$5 trillion and Expenditure = \$[/tex]7 trillion.
The surplus is
[tex]$$5 - 7 = -2,$$[/tex]
which is negative. Therefore, 2002 did not have a surplus.
3. 2003:
Revenue = \[tex]$8 trillion and Expenditure = \$[/tex]10 trillion.
The surplus is
[tex]$$8 - 10 = -2,$$[/tex]
which is negative. So, no surplus in 2003.
4. 2004:
Revenue = \[tex]$9 trillion and Expenditure = \$[/tex]7 trillion.
The surplus is
[tex]$$9 - 7 = 2,$$[/tex]
which is positive. Hence, 2004 had a surplus.
5. 2005:
Revenue = \[tex]$15 trillion and Expenditure = \$[/tex]18 trillion.
The surplus is
[tex]$$15 - 18 = -3,$$[/tex]
which is negative. Thus, 2005 did not have a surplus.
6. 2006:
Revenue = \[tex]$8 trillion and Expenditure = \$[/tex]10 trillion.
The surplus is
[tex]$$8 - 10 = -2,$$[/tex]
which is negative. Therefore, no surplus in 2006.
7. 2007:
Revenue = \[tex]$6 trillion and Expenditure = \$[/tex]4 trillion.
The surplus is
[tex]$$6 - 4 = 2,$$[/tex]
which is positive. So, 2007 had a surplus.
8. 2008:
Revenue = \[tex]$2 trillion and Expenditure = \$[/tex]4 trillion.
The surplus is
[tex]$$2 - 4 = -2,$$[/tex]
which is negative. Thus, 2008 did not see a surplus.
9. 2009:
Revenue = \[tex]$7 trillion and Expenditure = \$[/tex]4 trillion.
The surplus is
[tex]$$7 - 4 = 3,$$[/tex]
which is positive. Therefore, 2009 had a surplus.
10. 2010:
Revenue = \[tex]$5 trillion and Expenditure = \$[/tex]9 trillion.
The surplus is
[tex]$$5 - 9 = -4,$$[/tex]
which is negative. So, 2010 did not have a surplus.
After reviewing all the years, we find that the years with a budget surplus are:
[tex]$$2001,\ 2004,\ 2007,\ 2009.$$[/tex]
[tex]$$\text{Revenue} - \text{Expenditure} > 0,$$[/tex]
then that year has a surplus.
Let's examine each year one by one:
1. 2001:
Revenue = \[tex]$8 trillion and Expenditure = \$[/tex]6 trillion.
The surplus is
[tex]$$8 - 6 = 2,$$[/tex]
which is positive. Thus, 2001 had a budget surplus.
2. 2002:
Revenue = \[tex]$5 trillion and Expenditure = \$[/tex]7 trillion.
The surplus is
[tex]$$5 - 7 = -2,$$[/tex]
which is negative. Therefore, 2002 did not have a surplus.
3. 2003:
Revenue = \[tex]$8 trillion and Expenditure = \$[/tex]10 trillion.
The surplus is
[tex]$$8 - 10 = -2,$$[/tex]
which is negative. So, no surplus in 2003.
4. 2004:
Revenue = \[tex]$9 trillion and Expenditure = \$[/tex]7 trillion.
The surplus is
[tex]$$9 - 7 = 2,$$[/tex]
which is positive. Hence, 2004 had a surplus.
5. 2005:
Revenue = \[tex]$15 trillion and Expenditure = \$[/tex]18 trillion.
The surplus is
[tex]$$15 - 18 = -3,$$[/tex]
which is negative. Thus, 2005 did not have a surplus.
6. 2006:
Revenue = \[tex]$8 trillion and Expenditure = \$[/tex]10 trillion.
The surplus is
[tex]$$8 - 10 = -2,$$[/tex]
which is negative. Therefore, no surplus in 2006.
7. 2007:
Revenue = \[tex]$6 trillion and Expenditure = \$[/tex]4 trillion.
The surplus is
[tex]$$6 - 4 = 2,$$[/tex]
which is positive. So, 2007 had a surplus.
8. 2008:
Revenue = \[tex]$2 trillion and Expenditure = \$[/tex]4 trillion.
The surplus is
[tex]$$2 - 4 = -2,$$[/tex]
which is negative. Thus, 2008 did not see a surplus.
9. 2009:
Revenue = \[tex]$7 trillion and Expenditure = \$[/tex]4 trillion.
The surplus is
[tex]$$7 - 4 = 3,$$[/tex]
which is positive. Therefore, 2009 had a surplus.
10. 2010:
Revenue = \[tex]$5 trillion and Expenditure = \$[/tex]9 trillion.
The surplus is
[tex]$$5 - 9 = -4,$$[/tex]
which is negative. So, 2010 did not have a surplus.
After reviewing all the years, we find that the years with a budget surplus are:
[tex]$$2001,\ 2004,\ 2007,\ 2009.$$[/tex]
Thank you for reading the article Select the correct locations in the table The table shows the federal government s budgeted revenue and expenditures from 2001 through 2010 Identify the years. We hope the information provided is useful and helps you understand this topic better. Feel free to explore more helpful content on our website!
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