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 need to compare the revenue and expenditure for each year. A budget surplus happens when the revenue exceeds the expenditure.
Let's look at each year from 2001 to 2010:
- 2001: Revenue is [tex]$8 trillion, and expenditure is $[/tex]6 trillion. Since [tex]$8 trillion (revenue) is greater than $[/tex]6 trillion (expenditure), there is a surplus.
- 2002: Revenue is [tex]$5 trillion, and expenditure is $[/tex]7 trillion. Since [tex]$5 trillion (revenue) is less than $[/tex]7 trillion (expenditure), there is no surplus.
- 2003: Revenue is [tex]$8 trillion, and expenditure is $[/tex]10 trillion. Since [tex]$8 trillion (revenue) is less than $[/tex]10 trillion (expenditure), there is no surplus.
- 2004: Revenue is [tex]$9 trillion, and expenditure is $[/tex]7 trillion. Since [tex]$9 trillion (revenue) is greater than $[/tex]7 trillion (expenditure), there is a surplus.
- 2005: Revenue is [tex]$15 trillion, and expenditure is $[/tex]18 trillion. Since [tex]$15 trillion (revenue) is less than $[/tex]18 trillion (expenditure), there is no surplus.
- 2006: Revenue is [tex]$8 trillion, and expenditure is $[/tex]10 trillion. Since [tex]$8 trillion (revenue) is less than $[/tex]10 trillion (expenditure), there is no surplus.
- 2007: Revenue is [tex]$6 trillion, and expenditure is $[/tex]4 trillion. Since [tex]$6 trillion (revenue) is greater than $[/tex]4 trillion (expenditure), there is a surplus.
- 2008: Revenue is [tex]$2 trillion, and expenditure is $[/tex]4 trillion. Since [tex]$2 trillion (revenue) is less than $[/tex]4 trillion (expenditure), there is no surplus.
- 2009: Revenue is [tex]$7 trillion, and expenditure is $[/tex]4 trillion. Since [tex]$7 trillion (revenue) is greater than $[/tex]4 trillion (expenditure), there is a surplus.
- 2010: Revenue is [tex]$5 trillion, and expenditure is $[/tex]9 trillion. Since [tex]$5 trillion (revenue) is less than $[/tex]9 trillion (expenditure), there is no surplus.
After reviewing each year, we identify the years with budget surpluses: 2001, 2004, 2007, and 2009.
Let's look at each year from 2001 to 2010:
- 2001: Revenue is [tex]$8 trillion, and expenditure is $[/tex]6 trillion. Since [tex]$8 trillion (revenue) is greater than $[/tex]6 trillion (expenditure), there is a surplus.
- 2002: Revenue is [tex]$5 trillion, and expenditure is $[/tex]7 trillion. Since [tex]$5 trillion (revenue) is less than $[/tex]7 trillion (expenditure), there is no surplus.
- 2003: Revenue is [tex]$8 trillion, and expenditure is $[/tex]10 trillion. Since [tex]$8 trillion (revenue) is less than $[/tex]10 trillion (expenditure), there is no surplus.
- 2004: Revenue is [tex]$9 trillion, and expenditure is $[/tex]7 trillion. Since [tex]$9 trillion (revenue) is greater than $[/tex]7 trillion (expenditure), there is a surplus.
- 2005: Revenue is [tex]$15 trillion, and expenditure is $[/tex]18 trillion. Since [tex]$15 trillion (revenue) is less than $[/tex]18 trillion (expenditure), there is no surplus.
- 2006: Revenue is [tex]$8 trillion, and expenditure is $[/tex]10 trillion. Since [tex]$8 trillion (revenue) is less than $[/tex]10 trillion (expenditure), there is no surplus.
- 2007: Revenue is [tex]$6 trillion, and expenditure is $[/tex]4 trillion. Since [tex]$6 trillion (revenue) is greater than $[/tex]4 trillion (expenditure), there is a surplus.
- 2008: Revenue is [tex]$2 trillion, and expenditure is $[/tex]4 trillion. Since [tex]$2 trillion (revenue) is less than $[/tex]4 trillion (expenditure), there is no surplus.
- 2009: Revenue is [tex]$7 trillion, and expenditure is $[/tex]4 trillion. Since [tex]$7 trillion (revenue) is greater than $[/tex]4 trillion (expenditure), there is a surplus.
- 2010: Revenue is [tex]$5 trillion, and expenditure is $[/tex]9 trillion. Since [tex]$5 trillion (revenue) is less than $[/tex]9 trillion (expenditure), there is no surplus.
After reviewing each year, we identify the years with budget surpluses: 2001, 2004, 2007, and 2009.
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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