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 :
To determine the years in which there was a budget surplus, we compare the revenue to the expenditure for each year. A surplus occurs when the revenue exceeds the expenditure. In other words, we need to verify for each year whether
[tex]$$
\text{Revenue} - \text{Expenditure} > 0.
$$[/tex]
Let’s analyze each year:
1. For 2001:
Revenue = \[tex]$8 trillion, Expenditure = \$[/tex]6 trillion
[tex]$$8 - 6 = 2.$$[/tex]
Since [tex]$2 > 0$[/tex], there is a surplus.
2. For 2002:
Revenue = \[tex]$5 trillion, Expenditure = \$[/tex]7 trillion
[tex]$$5 - 7 = -2.$$[/tex]
This is a deficit (not a surplus).
3. For 2003:
Revenue = \[tex]$8 trillion, Expenditure = \$[/tex]10 trillion
[tex]$$8 - 10 = -2.$$[/tex]
Again, a deficit.
4. For 2004:
Revenue = \[tex]$9 trillion, Expenditure = \$[/tex]7 trillion
[tex]$$9 - 7 = 2.$$[/tex]
There is a surplus.
5. For 2005:
Revenue = \[tex]$15 trillion, Expenditure = \$[/tex]18 trillion
[tex]$$15 - 18 = -3.$$[/tex]
This is a deficit.
6. For 2006:
Revenue = \[tex]$8 trillion, Expenditure = \$[/tex]10 trillion
[tex]$$8 - 10 = -2.$$[/tex]
Deficit.
7. For 2007:
Revenue = \[tex]$6 trillion, Expenditure = \$[/tex]4 trillion
[tex]$$6 - 4 = 2.$$[/tex]
There is a surplus.
8. For 2008:
Revenue = \[tex]$2 trillion, Expenditure = \$[/tex]4 trillion
[tex]$$2 - 4 = -2.$$[/tex]
Deficit.
9. For 2009:
Revenue = \[tex]$7 trillion, Expenditure = \$[/tex]4 trillion
[tex]$$7 - 4 = 3.$$[/tex]
There is a surplus.
10. For 2010:
Revenue = \[tex]$5 trillion, Expenditure = \$[/tex]9 trillion
[tex]$$5 - 9 = -4.$$[/tex]
Deficit.
After checking every year, the years with a positive surplus (i.e., where revenue exceeds expenditure) are:
[tex]$$
2001,\ 2004,\ 2007,\ 2009.
$$[/tex]
Thus, the budget surplus occurred in the years [tex]$\boxed{2001,\ 2004,\ 2007,\ 2009}$[/tex].
[tex]$$
\text{Revenue} - \text{Expenditure} > 0.
$$[/tex]
Let’s analyze each year:
1. For 2001:
Revenue = \[tex]$8 trillion, Expenditure = \$[/tex]6 trillion
[tex]$$8 - 6 = 2.$$[/tex]
Since [tex]$2 > 0$[/tex], there is a surplus.
2. For 2002:
Revenue = \[tex]$5 trillion, Expenditure = \$[/tex]7 trillion
[tex]$$5 - 7 = -2.$$[/tex]
This is a deficit (not a surplus).
3. For 2003:
Revenue = \[tex]$8 trillion, Expenditure = \$[/tex]10 trillion
[tex]$$8 - 10 = -2.$$[/tex]
Again, a deficit.
4. For 2004:
Revenue = \[tex]$9 trillion, Expenditure = \$[/tex]7 trillion
[tex]$$9 - 7 = 2.$$[/tex]
There is a surplus.
5. For 2005:
Revenue = \[tex]$15 trillion, Expenditure = \$[/tex]18 trillion
[tex]$$15 - 18 = -3.$$[/tex]
This is a deficit.
6. For 2006:
Revenue = \[tex]$8 trillion, Expenditure = \$[/tex]10 trillion
[tex]$$8 - 10 = -2.$$[/tex]
Deficit.
7. For 2007:
Revenue = \[tex]$6 trillion, Expenditure = \$[/tex]4 trillion
[tex]$$6 - 4 = 2.$$[/tex]
There is a surplus.
8. For 2008:
Revenue = \[tex]$2 trillion, Expenditure = \$[/tex]4 trillion
[tex]$$2 - 4 = -2.$$[/tex]
Deficit.
9. For 2009:
Revenue = \[tex]$7 trillion, Expenditure = \$[/tex]4 trillion
[tex]$$7 - 4 = 3.$$[/tex]
There is a surplus.
10. For 2010:
Revenue = \[tex]$5 trillion, Expenditure = \$[/tex]9 trillion
[tex]$$5 - 9 = -4.$$[/tex]
Deficit.
After checking every year, the years with a positive surplus (i.e., where revenue exceeds expenditure) are:
[tex]$$
2001,\ 2004,\ 2007,\ 2009.
$$[/tex]
Thus, the budget surplus occurred in the years [tex]$\boxed{2001,\ 2004,\ 2007,\ 2009}$[/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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Rewritten by : Jeany
