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 :
From the table shown the years in which there was a budget deficit are
2002,2003,2005,2006,2008,2010
Budget deficit is said to be when expenditure exceed or is greater than the budgeted revenue.
For 2002:
Revenue = $5 trillion and expenditure = $7 trillion
To check for budget deficit = Revenue - expenditure ( $5 trillion - $7 trillion)
= -$2 trillion ( there was a budget deficit of $2 trillion)
For 2003:
Revenue = $8 trillion and expenditure = $10 trillion
to check for budget deficit = Revenue - expenditure ($8 trillion - $10 trillion)
= -$2 trillion (there was a budget deficit of $2 trillion)
For 2005:
Revenue = $15 trillion and expenditure = $18 trillion
to check for budget deficit = Revenue - expenditure ($15 trillion - $18 trillion)
= -$3 trillion (there was a budget deficit of $2 trillion)
For 2006:
Revenue = $8 trillion and expenditure = $10 trillion
to check for budget deficit = Revenue - expenditure ( $8 trillion - $10 trillion)
= -$2 trillion (there was a budget deficit of $2 trillion)
For 2008:
Revenue = $2 trillion and expenditure = $4 trillion
to check for budget deficit = Revenue - expenditure ( $2 trillion - $4 trillion)
= - $2 trillion ( there was a budget deficit of $2 trillion)
For 2010:
Revenue = $5 trillion and expenditure = $9 trillion
to check for budget deficit = Revenue - expenditure ( $5 trillion - $9 trillion)
= -$4 trillion (there was a budget deficit of $4 trillion)
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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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Answer:
From the table shown the years in which there was a budget deficit are
2002,2003,2005,2006,2008,2010
Step-by-step explanation:
Budget deficit is said to be when expenditure exceed or is greater than the budgeted revenue.
For 2002:
Revenue = $5 trillion and expenditure = $7 trillion
To check for budget deficit = Revenue - expenditure ( $5 trillion - $7 trillion)
= -$2 trillion ( there was a budget deficit of $2 trillion)
For 2003:
Revenue = $8 trillion and expenditure = $10 trillion
to check for budget deficit = Revenue - expenditure ($8 trillion - $10 trillion)
= -$2 trillion (there was a budget deficit of $2 trillion)
For 2005:
Revenue = $15 trillion and expenditure = $18 trillion
to check for budget deficit = Revenue - expenditure ($15 trillion - $18 trillion)
= -$3 trillion (there was a budget deficit of $2 trillion)
For 2006:
Revenue = $8 trillion and expenditure = $10 trillion
to check for budget deficit = Revenue - expenditure ( $8 trillion - $10 trillion)
= -$2 trillion (there was a budget deficit of $2 trillion)
For 2008:
Revenue = $2 trillion and expenditure = $4 trillion
to check for budget deficit = Revenue - expenditure ( $2 trillion - $4 trillion)
= - $2 trillion ( there was a budget deficit of $2 trillion)
For 2010:
Revenue = $5 trillion and expenditure = $9 trillion
to check for budget deficit = Revenue - expenditure ( $5 trillion - $9 trillion)
= -$4 trillion (there was a budget deficit of $4 trillion)
