Thank you for visiting Select the correct locations in the table Identify the years in which there was a budget surplus The table shows the federal government s budgeted. 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 identify the years in which there was a budget surplus, we need to compare the revenue and expenditure for each year from 2001 to 2010. A budget surplus occurs when the revenue exceeds the expenditure.
Let's go through the data year by year:
- 2001: Revenue is \[tex]$8 trillion, and expenditure is \$[/tex]6 trillion. Since revenue exceeds expenditure here, there is a budget surplus.
- 2002: Revenue is \[tex]$5 trillion, and expenditure is \$[/tex]7 trillion. Expenditure is higher than revenue in this year, indicating a budget deficit.
- 2003: There's missing information, so we can't determine if there was a surplus.
- 2004: Revenue is \[tex]$9 trillion, and expenditure is \$[/tex]7 trillion. Revenue exceeds expenditure, resulting in a budget surplus.
- 2005: Revenue is \[tex]$15 trillion, and expenditure is \$[/tex]18 trillion. Expenditure is higher than revenue, indicating a budget deficit.
- 2006: For this year, there's no data provided, so we cannot make any determination.
- 2007: Revenue is \[tex]$6 trillion, and expenditure is \$[/tex]4 trillion. Revenue exceeds expenditure, resulting in a budget surplus.
- 2008: The data appears twice for different values. The first set shows revenue of \[tex]$8 trillion and expenditure of \$[/tex]10 trillion, while the second shows revenue of \[tex]$2 trillion and expenditure of \$[/tex]4 trillion. In both cases, expenditures exceed revenues, indicating a budget deficit.
- 2009: There's missing information, so we can't determine if there was a surplus.
- 2010: There's missing information, so we can't determine if there was a surplus.
Based on the analysis for the fully available years, the budget surpluses occurred in:
- 2001
- 2004
- 2007
These years have revenue amounts greater than the expenditures.
Let's go through the data year by year:
- 2001: Revenue is \[tex]$8 trillion, and expenditure is \$[/tex]6 trillion. Since revenue exceeds expenditure here, there is a budget surplus.
- 2002: Revenue is \[tex]$5 trillion, and expenditure is \$[/tex]7 trillion. Expenditure is higher than revenue in this year, indicating a budget deficit.
- 2003: There's missing information, so we can't determine if there was a surplus.
- 2004: Revenue is \[tex]$9 trillion, and expenditure is \$[/tex]7 trillion. Revenue exceeds expenditure, resulting in a budget surplus.
- 2005: Revenue is \[tex]$15 trillion, and expenditure is \$[/tex]18 trillion. Expenditure is higher than revenue, indicating a budget deficit.
- 2006: For this year, there's no data provided, so we cannot make any determination.
- 2007: Revenue is \[tex]$6 trillion, and expenditure is \$[/tex]4 trillion. Revenue exceeds expenditure, resulting in a budget surplus.
- 2008: The data appears twice for different values. The first set shows revenue of \[tex]$8 trillion and expenditure of \$[/tex]10 trillion, while the second shows revenue of \[tex]$2 trillion and expenditure of \$[/tex]4 trillion. In both cases, expenditures exceed revenues, indicating a budget deficit.
- 2009: There's missing information, so we can't determine if there was a surplus.
- 2010: There's missing information, so we can't determine if there was a surplus.
Based on the analysis for the fully available years, the budget surpluses occurred in:
- 2001
- 2004
- 2007
These years have revenue amounts greater than the expenditures.
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