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 with a budget surplus, we compare the federal government's revenue with its expenditures for each year and identify when the revenue is greater than the expenditure. A surplus occurs when
[tex]$$
\text{Revenue} > \text{Expenditure}.
$$[/tex]
Let's analyze the data year by year:
1. For 2001:
Revenue = \[tex]$8 trillion
Expenditure = \$[/tex]6 trillion
Since \[tex]$8 trillion \(>\) \$[/tex]6 trillion, there is a surplus in 2001.
2. For 2002:
Revenue = \[tex]$5 trillion
Expenditure = \$[/tex]7 trillion
Since \[tex]$5 trillion \(<\) \$[/tex]7 trillion, there is no surplus in 2002.
3. For 2003:
Revenue = \[tex]$8 trillion
Expenditure = \$[/tex]10 trillion
Since \[tex]$8 trillion \(<\) \$[/tex]10 trillion, there is no surplus in 2003.
4. For 2004:
Revenue = \[tex]$9 trillion
Expenditure = \$[/tex]7 trillion
Since \[tex]$9 trillion \(>\) \$[/tex]7 trillion, there is a surplus in 2004.
5. For 2005:
Revenue = \[tex]$15 trillion
Expenditure = \$[/tex]18 trillion
Since \[tex]$15 trillion \(<\) \$[/tex]18 trillion, there is no surplus in 2005.
6. For 2006:
Revenue = \[tex]$8 trillion
Expenditure = \$[/tex]10 trillion
Since \[tex]$8 trillion \(<\) \$[/tex]10 trillion, there is no surplus in 2006.
7. For 2007:
Revenue = \[tex]$6 trillion
Expenditure = \$[/tex]4 trillion
Since \[tex]$6 trillion \(>\) \$[/tex]4 trillion, there is a surplus in 2007.
8. For 2008:
Revenue = \[tex]$2 trillion
Expenditure = \$[/tex]4 trillion
Since \[tex]$2 trillion \(<\) \$[/tex]4 trillion, there is no surplus in 2008.
9. For 2009:
Revenue = \[tex]$7 trillion
Expenditure = \$[/tex]4 trillion
Since \[tex]$7 trillion \(>\) \$[/tex]4 trillion, there is a surplus in 2009.
10. For 2010:
Revenue = \[tex]$5 trillion
Expenditure = \$[/tex]9 trillion
Since \[tex]$5 trillion \(<\) \$[/tex]9 trillion, there is no surplus in 2010.
Thus, the years in which there was a budget surplus are
[tex]$$
\boxed{2001,\ 2004,\ 2007,\ 2009.}
$$[/tex]
[tex]$$
\text{Revenue} > \text{Expenditure}.
$$[/tex]
Let's analyze the data year by year:
1. For 2001:
Revenue = \[tex]$8 trillion
Expenditure = \$[/tex]6 trillion
Since \[tex]$8 trillion \(>\) \$[/tex]6 trillion, there is a surplus in 2001.
2. For 2002:
Revenue = \[tex]$5 trillion
Expenditure = \$[/tex]7 trillion
Since \[tex]$5 trillion \(<\) \$[/tex]7 trillion, there is no surplus in 2002.
3. For 2003:
Revenue = \[tex]$8 trillion
Expenditure = \$[/tex]10 trillion
Since \[tex]$8 trillion \(<\) \$[/tex]10 trillion, there is no surplus in 2003.
4. For 2004:
Revenue = \[tex]$9 trillion
Expenditure = \$[/tex]7 trillion
Since \[tex]$9 trillion \(>\) \$[/tex]7 trillion, there is a surplus in 2004.
5. For 2005:
Revenue = \[tex]$15 trillion
Expenditure = \$[/tex]18 trillion
Since \[tex]$15 trillion \(<\) \$[/tex]18 trillion, there is no surplus in 2005.
6. For 2006:
Revenue = \[tex]$8 trillion
Expenditure = \$[/tex]10 trillion
Since \[tex]$8 trillion \(<\) \$[/tex]10 trillion, there is no surplus in 2006.
7. For 2007:
Revenue = \[tex]$6 trillion
Expenditure = \$[/tex]4 trillion
Since \[tex]$6 trillion \(>\) \$[/tex]4 trillion, there is a surplus in 2007.
8. For 2008:
Revenue = \[tex]$2 trillion
Expenditure = \$[/tex]4 trillion
Since \[tex]$2 trillion \(<\) \$[/tex]4 trillion, there is no surplus in 2008.
9. For 2009:
Revenue = \[tex]$7 trillion
Expenditure = \$[/tex]4 trillion
Since \[tex]$7 trillion \(>\) \$[/tex]4 trillion, there is a surplus in 2009.
10. For 2010:
Revenue = \[tex]$5 trillion
Expenditure = \$[/tex]9 trillion
Since \[tex]$5 trillion \(<\) \$[/tex]9 trillion, there is no surplus in 2010.
Thus, the years in which there was a budget surplus are
[tex]$$
\boxed{2001,\ 2004,\ 2007,\ 2009.}
$$[/tex]
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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