Thank you for visiting The table shows the federal government s budgeted revenue and expenditures from 2001 through 2010 Identify the years in which there was a budget deficit. 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 solve the problem of identifying the years in which there was a budget deficit, let's analyze the given data. A budget deficit occurs when expenditures exceed revenue in a particular year.
Let's go through each year:
- 2001: Revenue = \[tex]$8 trillion, Expenditure = \$[/tex]6 trillion
- Revenue > Expenditure, so no deficit.
- 2002: Revenue = \[tex]$5 trillion, Expenditure = \$[/tex]7 trillion
- Revenue < Expenditure, so there is a deficit this year.
- 2003: Revenue = \[tex]$8 trillion, Expenditure = \$[/tex]10 trillion
- Revenue < Expenditure, so there is a deficit this year.
- 2004: Revenue = \[tex]$9 trillion, Expenditure = \$[/tex]7 trillion
- Revenue > Expenditure, so no deficit.
- 2005: Revenue = \[tex]$15 trillion, Expenditure = \$[/tex]18 trillion
- Revenue < Expenditure, so there is a deficit this year.
- 2006: Revenue = \[tex]$8 trillion, Expenditure = \$[/tex]10 trillion
- Revenue < Expenditure, so there is a deficit this year.
- 2007: Revenue = \[tex]$6 trillion, Expenditure = \$[/tex]4 trillion
- Revenue > Expenditure, so no deficit.
- 2008: Revenue = \[tex]$2 trillion, Expenditure = \$[/tex]4 trillion
- Revenue < Expenditure, so there is a deficit this year.
- 2009: Revenue = \[tex]$7 trillion, Expenditure = \$[/tex]4 trillion
- Revenue > Expenditure, so no deficit.
After evaluating each year, we can see that the budget deficit years are:
- 2002
- 2003
- 2005
- 2006
- 2008
Hence, the years in which there was a budget deficit are 2002, 2003, 2005, 2006, and 2008.
Let's go through each year:
- 2001: Revenue = \[tex]$8 trillion, Expenditure = \$[/tex]6 trillion
- Revenue > Expenditure, so no deficit.
- 2002: Revenue = \[tex]$5 trillion, Expenditure = \$[/tex]7 trillion
- Revenue < Expenditure, so there is a deficit this year.
- 2003: Revenue = \[tex]$8 trillion, Expenditure = \$[/tex]10 trillion
- Revenue < Expenditure, so there is a deficit this year.
- 2004: Revenue = \[tex]$9 trillion, Expenditure = \$[/tex]7 trillion
- Revenue > Expenditure, so no deficit.
- 2005: Revenue = \[tex]$15 trillion, Expenditure = \$[/tex]18 trillion
- Revenue < Expenditure, so there is a deficit this year.
- 2006: Revenue = \[tex]$8 trillion, Expenditure = \$[/tex]10 trillion
- Revenue < Expenditure, so there is a deficit this year.
- 2007: Revenue = \[tex]$6 trillion, Expenditure = \$[/tex]4 trillion
- Revenue > Expenditure, so no deficit.
- 2008: Revenue = \[tex]$2 trillion, Expenditure = \$[/tex]4 trillion
- Revenue < Expenditure, so there is a deficit this year.
- 2009: Revenue = \[tex]$7 trillion, Expenditure = \$[/tex]4 trillion
- Revenue > Expenditure, so no deficit.
After evaluating each year, we can see that the budget deficit years are:
- 2002
- 2003
- 2005
- 2006
- 2008
Hence, the years in which there was a budget deficit are 2002, 2003, 2005, 2006, and 2008.
Thank you for reading the article The table shows the federal government s budgeted revenue and expenditures from 2001 through 2010 Identify the years in which there was a budget deficit. We hope the information provided is useful and helps you understand this topic better. Feel free to explore more helpful content on our website!
- You are operating a recreational vessel less than 39 4 feet long on federally controlled waters Which of the following is a legal sound device
- Which step should a food worker complete to prevent cross contact when preparing and serving an allergen free meal A Clean and sanitize all surfaces
- For one month Siera calculated her hometown s average high temperature in degrees Fahrenheit She wants to convert that temperature from degrees Fahrenheit to degrees
Rewritten by : Jeany
