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 :
We are given the federal government's budget data for each year with revenue and expenditure, and we want to identify the years during which there was a budget surplus. A surplus exists if the revenue exceeds the expenditures, i.e., if
[tex]$$
\text{Revenue} - \text{Expenditure} > 0.
$$[/tex]
Let’s go through each year:
1. For 2001, the revenue is \[tex]$8 trillion and the expenditure is \$[/tex]6 trillion. The difference is
[tex]$$
8 - 6 = 2 \quad (> 0),
$$[/tex]
so there is a surplus in 2001.
2. For 2002, the revenue is \[tex]$5 trillion and the expenditure is \$[/tex]7 trillion. The difference is
[tex]$$
5 - 7 = -2 \quad (< 0),
$$[/tex]
indicating a deficit.
3. For 2003, the revenue is \[tex]$8 trillion and the expenditure is \$[/tex]10 trillion. The difference is
[tex]$$
8 - 10 = -2 \quad (< 0),
$$[/tex]
indicating a deficit.
4. For 2004, the revenue is \[tex]$9 trillion and the expenditure is \$[/tex]7 trillion. The difference is
[tex]$$
9 - 7 = 2 \quad (> 0),
$$[/tex]
so there is a surplus in 2004.
5. For 2005, the revenue is \[tex]$15 trillion and the expenditure is \$[/tex]18 trillion. The difference is
[tex]$$
15 - 18 = -3 \quad (< 0),
$$[/tex]
indicating a deficit.
6. For 2006, the revenue is \[tex]$8 trillion and the expenditure is \$[/tex]10 trillion. The difference is
[tex]$$
8 - 10 = -2 \quad (< 0),
$$[/tex]
indicating a deficit.
7. For 2007, the revenue is \[tex]$6 trillion and the expenditure is \$[/tex]4 trillion. The difference is
[tex]$$
6 - 4 = 2 \quad (> 0),
$$[/tex]
so there is a surplus in 2007.
8. For 2008, the revenue is \[tex]$2 trillion and the expenditure is \$[/tex]4 trillion. The difference is
[tex]$$
2 - 4 = -2 \quad (< 0),
$$[/tex]
indicating a deficit.
Thus, the budget surpluses occurred in the years when the difference was positive. These years are:
[tex]$$
2001, \quad 2004, \quad 2007.
$$[/tex]
So the final answer is that there was a budget surplus in the years 2001, 2004, and 2007.
[tex]$$
\text{Revenue} - \text{Expenditure} > 0.
$$[/tex]
Let’s go through each year:
1. For 2001, the revenue is \[tex]$8 trillion and the expenditure is \$[/tex]6 trillion. The difference is
[tex]$$
8 - 6 = 2 \quad (> 0),
$$[/tex]
so there is a surplus in 2001.
2. For 2002, the revenue is \[tex]$5 trillion and the expenditure is \$[/tex]7 trillion. The difference is
[tex]$$
5 - 7 = -2 \quad (< 0),
$$[/tex]
indicating a deficit.
3. For 2003, the revenue is \[tex]$8 trillion and the expenditure is \$[/tex]10 trillion. The difference is
[tex]$$
8 - 10 = -2 \quad (< 0),
$$[/tex]
indicating a deficit.
4. For 2004, the revenue is \[tex]$9 trillion and the expenditure is \$[/tex]7 trillion. The difference is
[tex]$$
9 - 7 = 2 \quad (> 0),
$$[/tex]
so there is a surplus in 2004.
5. For 2005, the revenue is \[tex]$15 trillion and the expenditure is \$[/tex]18 trillion. The difference is
[tex]$$
15 - 18 = -3 \quad (< 0),
$$[/tex]
indicating a deficit.
6. For 2006, the revenue is \[tex]$8 trillion and the expenditure is \$[/tex]10 trillion. The difference is
[tex]$$
8 - 10 = -2 \quad (< 0),
$$[/tex]
indicating a deficit.
7. For 2007, the revenue is \[tex]$6 trillion and the expenditure is \$[/tex]4 trillion. The difference is
[tex]$$
6 - 4 = 2 \quad (> 0),
$$[/tex]
so there is a surplus in 2007.
8. For 2008, the revenue is \[tex]$2 trillion and the expenditure is \$[/tex]4 trillion. The difference is
[tex]$$
2 - 4 = -2 \quad (< 0),
$$[/tex]
indicating a deficit.
Thus, the budget surpluses occurred in the years when the difference was positive. These years are:
[tex]$$
2001, \quad 2004, \quad 2007.
$$[/tex]
So the final answer is that there was a budget surplus 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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Rewritten by : Jeany
