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 the years in which there was a budget surplus, we need to compare the revenue and expenditure for each year. A budget surplus occurs when the revenue is greater than the expenditure. Let's go through each year step by step:
1. 2001:
- Revenue: [tex]$8 trillion
- Expenditure: $[/tex]6 trillion
- Since [tex]$8 trillion (revenue) is greater than $[/tex]6 trillion (expenditure), there is a budget surplus in 2001.
2. 2002:
- Revenue: [tex]$5 trillion
- Expenditure: $[/tex]7 trillion
- Since [tex]$5 trillion (revenue) is less than $[/tex]7 trillion (expenditure), there is no budget surplus in 2002.
3. 2003:
- Revenue: [tex]$8 trillion
- Expenditure: $[/tex]10 trillion
- Since [tex]$8 trillion (revenue) is less than $[/tex]10 trillion (expenditure), there is no budget surplus in 2003.
4. 2004:
- Revenue: [tex]$9 trillion
- Expenditure: $[/tex]7 trillion
- Since [tex]$9 trillion (revenue) is greater than $[/tex]7 trillion (expenditure), there is a budget surplus in 2004.
5. 2005:
- Revenue: [tex]$15 trillion
- Expenditure: $[/tex]18 trillion
- Since [tex]$15 trillion (revenue) is less than $[/tex]18 trillion (expenditure), there is no budget surplus in 2005.
6. 2006:
- Revenue: [tex]$8 trillion
- Expenditure: $[/tex]10 trillion
- Since [tex]$8 trillion (revenue) is less than $[/tex]10 trillion (expenditure), there is no budget surplus in 2006.
7. 2007:
- Revenue: [tex]$6 trillion
- Expenditure: $[/tex]4 trillion
- Since [tex]$6 trillion (revenue) is greater than $[/tex]4 trillion (expenditure), there is a budget surplus in 2007.
8. 2008:
- Revenue: [tex]$2 trillion
- Expenditure: $[/tex]4 trillion
- Since [tex]$2 trillion (revenue) is less than $[/tex]4 trillion (expenditure), there is no budget surplus in 2008.
After reviewing each year's data, we find that there were budget surpluses in the years 2001, 2004, and 2007.
1. 2001:
- Revenue: [tex]$8 trillion
- Expenditure: $[/tex]6 trillion
- Since [tex]$8 trillion (revenue) is greater than $[/tex]6 trillion (expenditure), there is a budget surplus in 2001.
2. 2002:
- Revenue: [tex]$5 trillion
- Expenditure: $[/tex]7 trillion
- Since [tex]$5 trillion (revenue) is less than $[/tex]7 trillion (expenditure), there is no budget surplus in 2002.
3. 2003:
- Revenue: [tex]$8 trillion
- Expenditure: $[/tex]10 trillion
- Since [tex]$8 trillion (revenue) is less than $[/tex]10 trillion (expenditure), there is no budget surplus in 2003.
4. 2004:
- Revenue: [tex]$9 trillion
- Expenditure: $[/tex]7 trillion
- Since [tex]$9 trillion (revenue) is greater than $[/tex]7 trillion (expenditure), there is a budget surplus in 2004.
5. 2005:
- Revenue: [tex]$15 trillion
- Expenditure: $[/tex]18 trillion
- Since [tex]$15 trillion (revenue) is less than $[/tex]18 trillion (expenditure), there is no budget surplus in 2005.
6. 2006:
- Revenue: [tex]$8 trillion
- Expenditure: $[/tex]10 trillion
- Since [tex]$8 trillion (revenue) is less than $[/tex]10 trillion (expenditure), there is no budget surplus in 2006.
7. 2007:
- Revenue: [tex]$6 trillion
- Expenditure: $[/tex]4 trillion
- Since [tex]$6 trillion (revenue) is greater than $[/tex]4 trillion (expenditure), there is a budget surplus in 2007.
8. 2008:
- Revenue: [tex]$2 trillion
- Expenditure: $[/tex]4 trillion
- Since [tex]$2 trillion (revenue) is less than $[/tex]4 trillion (expenditure), there is no budget surplus in 2008.
After reviewing each year's data, we find that there were budget surpluses in the years 2001, 2004, and 2007.
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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