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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 in which there was a budget deficit.

[tex]
\[
\begin{tabular}{|c|c|c|}
\hline
Year & Revenue & Expenditure \\
\hline
2001 & \$8 trillion & \$6 trillion \\
\hline
2002 & \$5 trillion & \$7 trillion \\
\hline
2003 & \$8 trillion & \$10 trillion \\
\hline
2004 & \$9 trillion & \$7 trillion \\
\hline
2005 & \$15 trillion & \$18 trillion \\
\hline
2006 & \$8 trillion & \$10 trillion \\
\hline
2007 & \$6 trillion & \$4 trillion \\
\hline
2008 & \$2 trillion & \$4 trillion \\
\hline
2009 & \$7 trillion & \$4 trillion \\
\hline
2010 & \$5 trillion & \$9 trillion \\
\hline
\end{tabular}
\]
[/tex]

Note: A budget deficit occurs when expenditures exceed revenue.

Answer :

To determine the years in which the federal government's budget had a deficit, we'll look at each year's revenue and expenditure. A budget deficit occurs when the expenditure for a year is greater than the revenue.

Let's examine each year:

1. 2001
- Revenue: \[tex]$8 trillion
- Expenditure: \$[/tex]6 trillion
- Expenditure is less than revenue (no deficit).

2. 2002
- Revenue: \[tex]$5 trillion
- Expenditure: \$[/tex]7 trillion
- Expenditure is greater than revenue (deficit).

3. 2003
- Revenue: \[tex]$8 trillion
- Expenditure: \$[/tex]10 trillion
- Expenditure is greater than revenue (deficit).

4. 2004
- Revenue: \[tex]$9 trillion
- Expenditure: \$[/tex]7 trillion
- Expenditure is less than revenue (no deficit).

5. 2005
- Revenue: \[tex]$15 trillion
- Expenditure: \$[/tex]18 trillion
- Expenditure is greater than revenue (deficit).

6. 2006
- Revenue: \[tex]$8 trillion
- Expenditure: \$[/tex]10 trillion
- Expenditure is greater than revenue (deficit).

7. 2007
- Revenue: \[tex]$6 trillion
- Expenditure: \$[/tex]4 trillion
- Expenditure is less than revenue (no deficit).

8. 2008
- Revenue: \[tex]$2 trillion
- Expenditure: \$[/tex]4 trillion
- Expenditure is greater than revenue (deficit).

9. 2009
- Revenue: \[tex]$7 trillion
- Expenditure: \$[/tex]4 trillion
- Expenditure is less than revenue (no deficit).

10. 2010
- Revenue: \[tex]$5 trillion
- Expenditure: \$[/tex]9 trillion
- Expenditure is greater than revenue (deficit).

By checking each year, we identify that the budget deficits occurred in the following years: 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!

Rewritten by : Jeany

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