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 :
- Identify budget surplus by comparing revenue and expenditure for each year.
- Check if revenue > expenditure for each year.
- Years with budget surplus: 2001, 2004, 2007, 2009.
- The years in which there was a budget surplus are $\boxed{2001, 2004, 2007, 2009}$.
### Explanation
1. Understanding the Problem
We are given a table of the federal government's budgeted revenue and expenditures from 2001 through 2010. Our task is to identify the years in which there was a budget surplus. A budget surplus occurs when the revenue is greater than the expenditure. We will examine each year individually to determine if this condition is met.
2. Analyzing 2001
For the year 2001, the revenue was $8 trillion and the expenditure was $6 trillion. Since $8 > 6$, there was a budget surplus in 2001.
3. Analyzing 2002
For the year 2002, the revenue was $5 trillion and the expenditure was $7 trillion. Since $5 < 7$, there was no budget surplus in 2002.
4. Analyzing 2003
For the year 2003, the revenue was $8 trillion and the expenditure was $10 trillion. Since $8 < 10$, there was no budget surplus in 2003.
5. Analyzing 2004
For the year 2004, the revenue was $9 trillion and the expenditure was $7 trillion. Since $9 > 7$, there was a budget surplus in 2004.
6. Analyzing 2005
For the year 2005, the revenue was $15 trillion and the expenditure was $18 trillion. Since $15 < 18$, there was no budget surplus in 2005.
7. Analyzing 2006
For the year 2006, the revenue was $8 trillion and the expenditure was $10 trillion. Since $8 < 10$, there was no budget surplus in 2006.
8. Analyzing 2007
For the year 2007, the revenue was $6 trillion and the expenditure was $4 trillion. Since $6 > 4$, there was a budget surplus in 2007.
9. Analyzing 2008
For the year 2008, the revenue was $2 trillion and the expenditure was $4 trillion. Since $2 < 4$, there was no budget surplus in 2008.
10. Analyzing 2009
For the year 2009, the revenue was $7 trillion and the expenditure was $4 trillion. Since $7 > 4$, there was a budget surplus in 2009.
11. Analyzing 2010
For the year 2010, the revenue was $5 trillion and the expenditure was $9 trillion. Since $5 < 9$, there was no budget surplus in 2010.
12. Final Answer
Therefore, the years with a budget surplus are 2001, 2004, 2007, and 2009.
### Examples
Understanding budget surpluses is crucial in personal finance as well as government budgeting. For instance, if you consistently earn more than you spend, you have a personal budget surplus, which allows you to save, invest, and achieve financial goals. Similarly, a government budget surplus can lead to reduced national debt, increased investment in public services, and greater economic stability. Recognizing and managing surpluses effectively is a key skill in both contexts.
- Check if revenue > expenditure for each year.
- Years with budget surplus: 2001, 2004, 2007, 2009.
- The years in which there was a budget surplus are $\boxed{2001, 2004, 2007, 2009}$.
### Explanation
1. Understanding the Problem
We are given a table of the federal government's budgeted revenue and expenditures from 2001 through 2010. Our task is to identify the years in which there was a budget surplus. A budget surplus occurs when the revenue is greater than the expenditure. We will examine each year individually to determine if this condition is met.
2. Analyzing 2001
For the year 2001, the revenue was $8 trillion and the expenditure was $6 trillion. Since $8 > 6$, there was a budget surplus in 2001.
3. Analyzing 2002
For the year 2002, the revenue was $5 trillion and the expenditure was $7 trillion. Since $5 < 7$, there was no budget surplus in 2002.
4. Analyzing 2003
For the year 2003, the revenue was $8 trillion and the expenditure was $10 trillion. Since $8 < 10$, there was no budget surplus in 2003.
5. Analyzing 2004
For the year 2004, the revenue was $9 trillion and the expenditure was $7 trillion. Since $9 > 7$, there was a budget surplus in 2004.
6. Analyzing 2005
For the year 2005, the revenue was $15 trillion and the expenditure was $18 trillion. Since $15 < 18$, there was no budget surplus in 2005.
7. Analyzing 2006
For the year 2006, the revenue was $8 trillion and the expenditure was $10 trillion. Since $8 < 10$, there was no budget surplus in 2006.
8. Analyzing 2007
For the year 2007, the revenue was $6 trillion and the expenditure was $4 trillion. Since $6 > 4$, there was a budget surplus in 2007.
9. Analyzing 2008
For the year 2008, the revenue was $2 trillion and the expenditure was $4 trillion. Since $2 < 4$, there was no budget surplus in 2008.
10. Analyzing 2009
For the year 2009, the revenue was $7 trillion and the expenditure was $4 trillion. Since $7 > 4$, there was a budget surplus in 2009.
11. Analyzing 2010
For the year 2010, the revenue was $5 trillion and the expenditure was $9 trillion. Since $5 < 9$, there was no budget surplus in 2010.
12. Final Answer
Therefore, the years with a budget surplus are 2001, 2004, 2007, and 2009.
### Examples
Understanding budget surpluses is crucial in personal finance as well as government budgeting. For instance, if you consistently earn more than you spend, you have a personal budget surplus, which allows you to save, invest, and achieve financial goals. Similarly, a government budget surplus can lead to reduced national debt, increased investment in public services, and greater economic stability. Recognizing and managing surpluses effectively is a key skill in both contexts.
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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