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 in which years there was a budget deficit, we compare the revenue and expenditure for each year. A budget deficit occurs when the revenue is less than the expenditure. Let's analyze the complete data provided:
1. For the year 2001, the federal government's revenue is \[tex]$8 trillion and the expenditure is \$[/tex]6 trillion. Since
[tex]$$8 > 6,$$[/tex]
there is no deficit for 2001.
2. For the year 2002, the revenue is \[tex]$5 trillion while the expenditure is \$[/tex]7 trillion. Here,
[tex]$$5 < 7,$$[/tex]
indicating a budget deficit for 2002.
3. For the year 2003, the revenue is \[tex]$8 trillion and the expenditure is \$[/tex]10 trillion. Since
[tex]$$8 < 10,$$[/tex]
there is a budget deficit for 2003.
4. For the year 2005, the revenue is \[tex]$9 trillion and the expenditure is \$[/tex]7 trillion. We have
[tex]$$9 > 7,$$[/tex]
meaning there is no deficit for 2005.
5. For the year 2006, the revenue is \[tex]$8 trillion while the expenditure is \$[/tex]10 trillion. Since
[tex]$$8 < 10,$$[/tex]
there is a budget deficit for 2006.
Thus, the years in which there was a budget deficit are:
[tex]$$2002,\;2003,\;2006.$$[/tex]
1. For the year 2001, the federal government's revenue is \[tex]$8 trillion and the expenditure is \$[/tex]6 trillion. Since
[tex]$$8 > 6,$$[/tex]
there is no deficit for 2001.
2. For the year 2002, the revenue is \[tex]$5 trillion while the expenditure is \$[/tex]7 trillion. Here,
[tex]$$5 < 7,$$[/tex]
indicating a budget deficit for 2002.
3. For the year 2003, the revenue is \[tex]$8 trillion and the expenditure is \$[/tex]10 trillion. Since
[tex]$$8 < 10,$$[/tex]
there is a budget deficit for 2003.
4. For the year 2005, the revenue is \[tex]$9 trillion and the expenditure is \$[/tex]7 trillion. We have
[tex]$$9 > 7,$$[/tex]
meaning there is no deficit for 2005.
5. For the year 2006, the revenue is \[tex]$8 trillion while the expenditure is \$[/tex]10 trillion. Since
[tex]$$8 < 10,$$[/tex]
there is a budget deficit for 2006.
Thus, the years in which there was a budget deficit are:
[tex]$$2002,\;2003,\;2006.$$[/tex]
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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