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 deficit, we need to compare the federal government's revenue and expenditures for each year from 2001 through 2010. A budget deficit occurs when expenditures exceed revenue. Here's how we can identify those years step-by-step:
1. Understanding the Concept:
- A budget deficit happens when the expenditure for a year is higher than the revenue for that same year.
2. Review Each Year:
- 2001: Revenue = \[tex]$8 trillion, Expenditure = \$[/tex]6 trillion. Revenue is greater than expenditure. No deficit.
- 2002: Revenue = \[tex]$5 trillion, Expenditure = \$[/tex]7 trillion. Expenditure is greater. Deficit occurs.
- 2003: Revenue = \[tex]$8 trillion, Expenditure = \$[/tex]10 trillion. Expenditure is greater. Deficit occurs.
- 2004: Revenue = \[tex]$9 trillion, Expenditure = \$[/tex]7 trillion. Revenue is greater than expenditure. No deficit.
- 2005: Revenue = \[tex]$15 trillion, Expenditure = \$[/tex]18 trillion. Expenditure is greater. Deficit occurs.
- 2006: Revenue = \[tex]$8 trillion, Expenditure = \$[/tex]10 trillion. Expenditure is greater. Deficit occurs.
- 2007: Revenue = \[tex]$6 trillion, Expenditure = \$[/tex]4 trillion. Revenue is greater than expenditure. No deficit.
- 2008: Revenue = \[tex]$2 trillion, Expenditure = \$[/tex]4 trillion. Expenditure is greater. Deficit occurs.
- 2009: Revenue = \[tex]$7 trillion, Expenditure = \$[/tex]4 trillion. Revenue is greater than expenditure. No deficit.
- 2010: Revenue = \[tex]$5 trillion, Expenditure = \$[/tex]9 trillion. Expenditure is greater. Deficit occurs.
3. Listing the Deficit Years:
- The years with a budget deficit are 2002, 2003, 2005, 2006, 2008, and 2010.
Therefore, the years in which there was a budget deficit are 2002, 2003, 2005, 2006, 2008, and 2010.
1. Understanding the Concept:
- A budget deficit happens when the expenditure for a year is higher than the revenue for that same year.
2. Review Each Year:
- 2001: Revenue = \[tex]$8 trillion, Expenditure = \$[/tex]6 trillion. Revenue is greater than expenditure. No deficit.
- 2002: Revenue = \[tex]$5 trillion, Expenditure = \$[/tex]7 trillion. Expenditure is greater. Deficit occurs.
- 2003: Revenue = \[tex]$8 trillion, Expenditure = \$[/tex]10 trillion. Expenditure is greater. Deficit occurs.
- 2004: Revenue = \[tex]$9 trillion, Expenditure = \$[/tex]7 trillion. Revenue is greater than expenditure. No deficit.
- 2005: Revenue = \[tex]$15 trillion, Expenditure = \$[/tex]18 trillion. Expenditure is greater. Deficit occurs.
- 2006: Revenue = \[tex]$8 trillion, Expenditure = \$[/tex]10 trillion. Expenditure is greater. Deficit occurs.
- 2007: Revenue = \[tex]$6 trillion, Expenditure = \$[/tex]4 trillion. Revenue is greater than expenditure. No deficit.
- 2008: Revenue = \[tex]$2 trillion, Expenditure = \$[/tex]4 trillion. Expenditure is greater. Deficit occurs.
- 2009: Revenue = \[tex]$7 trillion, Expenditure = \$[/tex]4 trillion. Revenue is greater than expenditure. No deficit.
- 2010: Revenue = \[tex]$5 trillion, Expenditure = \$[/tex]9 trillion. Expenditure is greater. Deficit occurs.
3. Listing the Deficit Years:
- The years with a budget deficit are 2002, 2003, 2005, 2006, 2008, and 2010.
Therefore, the years in which there was a budget deficit are 2002, 2003, 2005, 2006, 2008, and 2010.
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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