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 identify the years in which there was a budget deficit, we need to compare the revenue and expenditures for each year. A budget deficit occurs when the expenditures are greater than the revenue. Let's go through the years one by one:
1. 2001:
- Revenue: [tex]$8 trillion
- Expenditure: $[/tex]6 trillion
- Since revenue ([tex]$8 trillion) is greater than expenditure ($[/tex]6 trillion), there is no deficit in 2001.
2. 2002:
- Revenue: [tex]$5 trillion
- Expenditure: $[/tex]7 trillion
- Since expenditure ([tex]$7 trillion) is greater than revenue ($[/tex]5 trillion), there is a deficit in 2002.
3. 2003:
- Revenue: [tex]$8 trillion
- Expenditure: $[/tex]10 trillion
- Since expenditure ([tex]$10 trillion) is greater than revenue ($[/tex]8 trillion), there is a deficit in 2003.
4. 2004:
- Revenue: [tex]$9 trillion
- Expenditure: $[/tex]7 trillion
- Since revenue ([tex]$9 trillion) is greater than expenditure ($[/tex]7 trillion), there is no deficit in 2004.
5. 2005:
- Revenue: [tex]$15 trillion
- Expenditure: $[/tex]18 trillion
- Since expenditure ([tex]$18 trillion) is greater than revenue ($[/tex]15 trillion), there is a deficit in 2005.
6. 2006:
- Revenue: [tex]$8 trillion
- Expenditure: $[/tex]10 trillion
- Since expenditure ([tex]$10 trillion) is greater than revenue ($[/tex]8 trillion), there is a deficit in 2006.
7. 2007:
- Revenue: [tex]$6 trillion
- Expenditure: $[/tex]4 trillion
- Since revenue ([tex]$6 trillion) is greater than expenditure ($[/tex]4 trillion), there is no deficit in 2007.
8. 2008:
- Revenue: [tex]$2 trillion
- Expenditure: $[/tex]4 trillion
- Since expenditure ([tex]$4 trillion) is greater than revenue ($[/tex]2 trillion), there is a deficit in 2008.
Based on these comparisons, the years in which there was a budget deficit are 2002, 2003, 2005, 2006, and 2008.
1. 2001:
- Revenue: [tex]$8 trillion
- Expenditure: $[/tex]6 trillion
- Since revenue ([tex]$8 trillion) is greater than expenditure ($[/tex]6 trillion), there is no deficit in 2001.
2. 2002:
- Revenue: [tex]$5 trillion
- Expenditure: $[/tex]7 trillion
- Since expenditure ([tex]$7 trillion) is greater than revenue ($[/tex]5 trillion), there is a deficit in 2002.
3. 2003:
- Revenue: [tex]$8 trillion
- Expenditure: $[/tex]10 trillion
- Since expenditure ([tex]$10 trillion) is greater than revenue ($[/tex]8 trillion), there is a deficit in 2003.
4. 2004:
- Revenue: [tex]$9 trillion
- Expenditure: $[/tex]7 trillion
- Since revenue ([tex]$9 trillion) is greater than expenditure ($[/tex]7 trillion), there is no deficit in 2004.
5. 2005:
- Revenue: [tex]$15 trillion
- Expenditure: $[/tex]18 trillion
- Since expenditure ([tex]$18 trillion) is greater than revenue ($[/tex]15 trillion), there is a deficit in 2005.
6. 2006:
- Revenue: [tex]$8 trillion
- Expenditure: $[/tex]10 trillion
- Since expenditure ([tex]$10 trillion) is greater than revenue ($[/tex]8 trillion), there is a deficit in 2006.
7. 2007:
- Revenue: [tex]$6 trillion
- Expenditure: $[/tex]4 trillion
- Since revenue ([tex]$6 trillion) is greater than expenditure ($[/tex]4 trillion), there is no deficit in 2007.
8. 2008:
- Revenue: [tex]$2 trillion
- Expenditure: $[/tex]4 trillion
- Since expenditure ([tex]$4 trillion) is greater than revenue ($[/tex]2 trillion), there is a deficit in 2008.
Based on these comparisons, the years in which there was a budget deficit are 2002, 2003, 2005, 2006, and 2008.
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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