Thank you for visiting The table shows the federal government s budgeted revenue and expenditures from 2001 through 2010 Identify the years in which there was a budget surplus. 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 exceeds expenditure.
- List the years with a budget surplus: 2001, 2004, 2007, and 2009.
- The years in which there was a budget surplus are $\boxed{2001, 2004, 2007, 2009}$.
### Explanation
1. Analyzing the Problem
We need to analyze the table provided to identify the years where the revenue is greater than the expenditure. This indicates a budget surplus for those years.
2. Comparing Revenue and Expenditure for Each Year
Let's examine each year:
* **2001:** Revenue = $8 trillion, Expenditure = $6 trillion. Since $8 > 6$, there is a surplus.
* **2002:** Revenue = $5 trillion, Expenditure = $7 trillion. Since $5 < 7$, there is no surplus.
* **2003:** Revenue = $8 trillion, Expenditure = $10 trillion. Since $8 < 10$, there is no surplus.
* **2004:** Revenue = $9 trillion, Expenditure = $7 trillion. Since $9 > 7$, there is a surplus.
* **2005:** Revenue = $15 trillion, Expenditure = $18 trillion. Since $15 < 18$, there is no surplus.
* **2006:** Revenue = $8 trillion, Expenditure = $10 trillion. Since $8 < 10$, there is no surplus.
* **2007:** Revenue = $6 trillion, Expenditure = $4 trillion. Since $6 > 4$, there is a surplus.
* **2008:** Revenue = $2 trillion, Expenditure = $4 trillion. Since $2 < 4$, there is no surplus.
* **2009:** Revenue = $7 trillion, Expenditure = $4 trillion. Since $7 > 4$, there is a surplus.
* **2010:** Revenue = $5 trillion, Expenditure = $9 trillion. Since $5 < 9$, there is no surplus.
3. Identifying Years with Budget Surplus
The years with a budget surplus are 2001, 2004, 2007, and 2009.
4. Final Answer
Therefore, the years in which there was a budget surplus are $\boxed{2001, 2004, 2007, 2009}$.
### Examples
Understanding budget surpluses is crucial for governments and businesses alike. For instance, a company might use surplus revenue to invest in research and development, expand operations, or distribute dividends to shareholders. Similarly, governments can use budget surpluses to reduce national debt, fund public services, or offer tax cuts, all of which can stimulate economic growth and improve citizens' quality of life.
- Identify years where revenue exceeds expenditure.
- List the years with a budget surplus: 2001, 2004, 2007, and 2009.
- The years in which there was a budget surplus are $\boxed{2001, 2004, 2007, 2009}$.
### Explanation
1. Analyzing the Problem
We need to analyze the table provided to identify the years where the revenue is greater than the expenditure. This indicates a budget surplus for those years.
2. Comparing Revenue and Expenditure for Each Year
Let's examine each year:
* **2001:** Revenue = $8 trillion, Expenditure = $6 trillion. Since $8 > 6$, there is a surplus.
* **2002:** Revenue = $5 trillion, Expenditure = $7 trillion. Since $5 < 7$, there is no surplus.
* **2003:** Revenue = $8 trillion, Expenditure = $10 trillion. Since $8 < 10$, there is no surplus.
* **2004:** Revenue = $9 trillion, Expenditure = $7 trillion. Since $9 > 7$, there is a surplus.
* **2005:** Revenue = $15 trillion, Expenditure = $18 trillion. Since $15 < 18$, there is no surplus.
* **2006:** Revenue = $8 trillion, Expenditure = $10 trillion. Since $8 < 10$, there is no surplus.
* **2007:** Revenue = $6 trillion, Expenditure = $4 trillion. Since $6 > 4$, there is a surplus.
* **2008:** Revenue = $2 trillion, Expenditure = $4 trillion. Since $2 < 4$, there is no surplus.
* **2009:** Revenue = $7 trillion, Expenditure = $4 trillion. Since $7 > 4$, there is a surplus.
* **2010:** Revenue = $5 trillion, Expenditure = $9 trillion. Since $5 < 9$, there is no surplus.
3. Identifying Years with Budget Surplus
The years with a budget surplus are 2001, 2004, 2007, and 2009.
4. Final Answer
Therefore, the years in which there was a budget surplus are $\boxed{2001, 2004, 2007, 2009}$.
### Examples
Understanding budget surpluses is crucial for governments and businesses alike. For instance, a company might use surplus revenue to invest in research and development, expand operations, or distribute dividends to shareholders. Similarly, governments can use budget surpluses to reduce national debt, fund public services, or offer tax cuts, all of which can stimulate economic growth and improve citizens' quality of life.
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