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 :
- Compare revenue and expenditure for each year.
- Identify years where revenue > expenditure.
- The years with a budget surplus are 2001, 2004, 2007, and 2009.
- Final Answer: $\boxed{2001, 2004, 2007, 2009}$
### Explanation
1. Understanding the Problem
We are given a table of the federal government's budgeted revenue and expenditures from 2001 through 2010. Our task is to identify the years in which there was a budget surplus. A budget surplus occurs when the revenue is greater than the expenditure. We will examine each year individually and compare the revenue and expenditure.
2. Analyzing 2001
For the year 2001, the revenue was $8 trillion and the expenditure was $6 trillion. Since $8 > 6$, there was a budget surplus in 2001.
3. Analyzing 2002
For the year 2002, the revenue was $5 trillion and the expenditure was $7 trillion. Since $5 < 7$, there was no budget surplus in 2002.
4. Analyzing 2003
For the year 2003, the revenue was $8 trillion and the expenditure was $10 trillion. Since $8 < 10$, there was no budget surplus in 2003.
5. Analyzing 2004
For the year 2004, the revenue was $9 trillion and the expenditure was $7 trillion. Since $9 > 7$, there was a budget surplus in 2004.
6. Analyzing 2005
For the year 2005, the revenue was $15 trillion and the expenditure was $18 trillion. Since $15 < 18$, there was no budget surplus in 2005.
7. Analyzing 2006
For the year 2006, the revenue was $8 trillion and the expenditure was $10 trillion. Since $8 < 10$, there was no budget surplus in 2006.
8. Analyzing 2007
For the year 2007, the revenue was $6 trillion and the expenditure was $4 trillion. Since $6 > 4$, there was a budget surplus in 2007.
9. Analyzing 2008
For the year 2008, the revenue was $2 trillion and the expenditure was $4 trillion. Since $2 < 4$, there was no budget surplus in 2008.
10. Analyzing 2009
For the year 2009, the revenue was $7 trillion and the expenditure was $4 trillion. Since $7 > 4$, there was a budget surplus in 2009.
11. Analyzing 2010
For the year 2010, the revenue was $5 trillion and the expenditure was $9 trillion. Since $5 < 9$, there was no budget surplus in 2010.
12. Final Answer
Therefore, the years with a budget surplus are 2001, 2004, 2007, and 2009.
### Examples
Understanding budget surpluses is crucial in economics and government finance. For example, if a country consistently has budget surpluses, it can use the extra funds to pay off national debt, invest in infrastructure, or reduce taxes, which can stimulate economic growth. Conversely, persistent deficits may lead to increased borrowing and potential economic instability. Analyzing revenue and expenditure data helps policymakers make informed decisions about fiscal policy.
- Identify years where revenue > expenditure.
- The years with a budget surplus are 2001, 2004, 2007, and 2009.
- Final Answer: $\boxed{2001, 2004, 2007, 2009}$
### Explanation
1. Understanding the Problem
We are given a table of the federal government's budgeted revenue and expenditures from 2001 through 2010. Our task is to identify the years in which there was a budget surplus. A budget surplus occurs when the revenue is greater than the expenditure. We will examine each year individually and compare the revenue and expenditure.
2. Analyzing 2001
For the year 2001, the revenue was $8 trillion and the expenditure was $6 trillion. Since $8 > 6$, there was a budget surplus in 2001.
3. Analyzing 2002
For the year 2002, the revenue was $5 trillion and the expenditure was $7 trillion. Since $5 < 7$, there was no budget surplus in 2002.
4. Analyzing 2003
For the year 2003, the revenue was $8 trillion and the expenditure was $10 trillion. Since $8 < 10$, there was no budget surplus in 2003.
5. Analyzing 2004
For the year 2004, the revenue was $9 trillion and the expenditure was $7 trillion. Since $9 > 7$, there was a budget surplus in 2004.
6. Analyzing 2005
For the year 2005, the revenue was $15 trillion and the expenditure was $18 trillion. Since $15 < 18$, there was no budget surplus in 2005.
7. Analyzing 2006
For the year 2006, the revenue was $8 trillion and the expenditure was $10 trillion. Since $8 < 10$, there was no budget surplus in 2006.
8. Analyzing 2007
For the year 2007, the revenue was $6 trillion and the expenditure was $4 trillion. Since $6 > 4$, there was a budget surplus in 2007.
9. Analyzing 2008
For the year 2008, the revenue was $2 trillion and the expenditure was $4 trillion. Since $2 < 4$, there was no budget surplus in 2008.
10. Analyzing 2009
For the year 2009, the revenue was $7 trillion and the expenditure was $4 trillion. Since $7 > 4$, there was a budget surplus in 2009.
11. Analyzing 2010
For the year 2010, the revenue was $5 trillion and the expenditure was $9 trillion. Since $5 < 9$, there was no budget surplus in 2010.
12. Final Answer
Therefore, the years with a budget surplus are 2001, 2004, 2007, and 2009.
### Examples
Understanding budget surpluses is crucial in economics and government finance. For example, if a country consistently has budget surpluses, it can use the extra funds to pay off national debt, invest in infrastructure, or reduce taxes, which can stimulate economic growth. Conversely, persistent deficits may lead to increased borrowing and potential economic instability. Analyzing revenue and expenditure data helps policymakers make informed decisions about fiscal policy.
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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