The table shows the federal government's budgeted revenue and expenditures from 2001 through 2010. Identify the years in which there was a budget deficit.

[tex]
\[
\begin{tabular}{|c|l|l|}
\hline
\text{Year} & \text{Revenue} & \text{Expenditure} \\
\hline
2001 & \$8 trillion & \$6 trillion \\
\hline
2002 & \$5 trillion & \$7 trillion \\
\hline
2003 & \$8 trillion & \$10 trillion \\
\hline
2004 & \$9 trillion & \$7 trillion \\
\hline
2005 & \$15 trillion & \$18 trillion \\
\hline
2006 & \$8 trillion & \$10 trillion \\
\hline
2007 & \$6 trillion & \$4 trillion \\
\hline
2008 & \$2 trillion & \$4 trillion \\
\hline
2009 & \$7 trillion & \$4 trillion \\
\hline
\end{tabular}
\]
[/tex]

A budget deficit occurs when expenditures exceed revenue. Analyze the table to identify such years.

Question

High School

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Answer :

babarkinza15 babarkinza15 · Answer 1 · 2024-12-23T22:39:13-05:00

Answer:

Explanation:

A budget deficit occurs when the government's expenditures exceed its revenue. Let's analyze the table:

2001: Revenue = $8 trillion, Expenditure = $6 trillion → No deficit (Revenue > Expenditure)

2002: Revenue = $5 trillion, Expenditure = $7 trillion → Deficit (Expenditure > Revenue)

2003: Revenue = $8 trillion, Expenditure = $10 trillion → Deficit (Expenditure > Revenue)

2004: Revenue = $9 trillion, Expenditure = $7 trillion → No deficit (Revenue > Expenditure)

2005: Revenue = $15 trillion, Expenditure = $18 trillion → Deficit (Expenditure > Revenue)

2006: Revenue = $8 trillion, Expenditure = $10 trillion → Deficit (Expenditure > Revenue)

2007: Revenue = $6 trillion, Expenditure = $4 trillion → No deficit (Revenue > Expenditure)

2008: Revenue = $2 trillion, Expenditure = $4 trillion → Deficit (Expenditure > Revenue)

2009: Revenue = $7 trillion, Expenditure = $4 trillion → No deficit (Revenue > Expenditure)

Years with a budget deficit: 2002, 2003, 2005, 2006, 2008.