Thank you for visiting 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. 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 :
Sure! Let's carefully examine the data and determine when the government had a budget deficit. A budget deficit happens when expenditures exceed revenues for a given year. Here's how we can identify those years:
### Step-by-Step Solution:
1. List the Data:
- Year 2001: Revenue = [tex]$8 trillion, Expenditure = $[/tex]6 trillion
- Year 2002: Revenue = [tex]$5 trillion, Expenditure = $[/tex]7 trillion
- Year 2003: Revenue = [tex]$8 trillion, Expenditure = $[/tex]10 trillion
- Year 2004: Revenue = [tex]$9 trillion, Expenditure = $[/tex]7 trillion
- Year 2005: Revenue = [tex]$15 trillion, Expenditure = $[/tex]18 trillion
- Year 2006: Revenue = [tex]$8 trillion, Expenditure = $[/tex]10 trillion
- Year 2007: Revenue = [tex]$6 trillion, Expenditure = $[/tex]4 trillion
- Year 2008: Revenue = [tex]$2 trillion, Expenditure = $[/tex]4 trillion
- Year 2009: Revenue = [tex]$7 trillion, Expenditure = $[/tex]4 trillion
- Year 2010: Revenue = [tex]$5 trillion, Expenditure = $[/tex]9 trillion
2. Identify the Budget Deficit Years:
- 2001: Revenue (8) > Expenditure (6). No deficit.
- 2002: Revenue (5) < Expenditure (7). Deficit.
- 2003: Revenue (8) < Expenditure (10). Deficit.
- 2004: Revenue (9) > Expenditure (7). No deficit.
- 2005: Revenue (15) < Expenditure (18). Deficit.
- 2006: Revenue (8) < Expenditure (10). Deficit.
- 2007: Revenue (6) > Expenditure (4). No deficit.
- 2008: Revenue (2) < Expenditure (4). Deficit.
- 2009: Revenue (7) > Expenditure (4). No deficit.
- 2010: Revenue (5) < Expenditure (9). Deficit.
3. Results:
- The years in which there was a budget deficit are 2002, 2003, 2005, 2006, 2008, and 2010.
These are the years when the government's expenditures exceeded its revenues.
### Step-by-Step Solution:
1. List the Data:
- Year 2001: Revenue = [tex]$8 trillion, Expenditure = $[/tex]6 trillion
- Year 2002: Revenue = [tex]$5 trillion, Expenditure = $[/tex]7 trillion
- Year 2003: Revenue = [tex]$8 trillion, Expenditure = $[/tex]10 trillion
- Year 2004: Revenue = [tex]$9 trillion, Expenditure = $[/tex]7 trillion
- Year 2005: Revenue = [tex]$15 trillion, Expenditure = $[/tex]18 trillion
- Year 2006: Revenue = [tex]$8 trillion, Expenditure = $[/tex]10 trillion
- Year 2007: Revenue = [tex]$6 trillion, Expenditure = $[/tex]4 trillion
- Year 2008: Revenue = [tex]$2 trillion, Expenditure = $[/tex]4 trillion
- Year 2009: Revenue = [tex]$7 trillion, Expenditure = $[/tex]4 trillion
- Year 2010: Revenue = [tex]$5 trillion, Expenditure = $[/tex]9 trillion
2. Identify the Budget Deficit Years:
- 2001: Revenue (8) > Expenditure (6). No deficit.
- 2002: Revenue (5) < Expenditure (7). Deficit.
- 2003: Revenue (8) < Expenditure (10). Deficit.
- 2004: Revenue (9) > Expenditure (7). No deficit.
- 2005: Revenue (15) < Expenditure (18). Deficit.
- 2006: Revenue (8) < Expenditure (10). Deficit.
- 2007: Revenue (6) > Expenditure (4). No deficit.
- 2008: Revenue (2) < Expenditure (4). Deficit.
- 2009: Revenue (7) > Expenditure (4). No deficit.
- 2010: Revenue (5) < Expenditure (9). Deficit.
3. Results:
- The years in which there was a budget deficit are 2002, 2003, 2005, 2006, 2008, and 2010.
These are the years when the government's expenditures exceeded its revenues.
Thank you for reading the article 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. 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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