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19 January, 17:27

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 in which there was a

budget deficit

Year

Revenue

Expenditure

2001

$8 trillion

$6 trillion

2002

$5 trillion

$7 trillion

2003

$8 trillion

$10 trillion

2004

$9 trillion

$7 trillion

2005

$15 trillion

$18 trillion

2006

$8 trillion

$10 trillion

2007

$6 trillion

$4 trillion

2008

$2 trillion

$4 trillion

2009

$7 trillion

$4 trillion

2010

$5 trillion

$9 trillion

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Answers (2)
  1. 19 January, 20:10
    0
    From the table shown the years in which there was a budget deficit are

    2002,2003,2005,2006,2008,2010

    Step-by-step explanation:

    Budget deficit is said to be when expenditure exceed or is greater than the budgeted revenue.

    For 2002:

    Revenue = $5 trillion and expenditure = $7 trillion

    To check for budget deficit = Revenue - expenditure ($5 trillion - $7 trillion)

    = - $2 trillion (there was a budget deficit of $2 trillion)

    For 2003:

    Revenue = $8 trillion and expenditure = $10 trillion

    to check for budget deficit = Revenue - expenditure ($8 trillion - $10 trillion)

    = - $2 trillion (there was a budget deficit of $2 trillion)

    For 2005:

    Revenue = $15 trillion and expenditure = $18 trillion

    to check for budget deficit = Revenue - expenditure ($15 trillion - $18 trillion)

    = - $3 trillion (there was a budget deficit of $2 trillion)

    For 2006:

    Revenue = $8 trillion and expenditure = $10 trillion

    to check for budget deficit = Revenue - expenditure ($8 trillion - $10 trillion)

    = - $2 trillion (there was a budget deficit of $2 trillion)

    For 2008:

    Revenue = $2 trillion and expenditure = $4 trillion

    to check for budget deficit = Revenue - expenditure ($2 trillion - $4 trillion)

    = - $2 trillion (there was a budget deficit of $2 trillion)

    For 2010:

    Revenue = $5 trillion and expenditure = $9 trillion

    to check for budget deficit = Revenue - expenditure ($5 trillion - $9 trillion)

    = - $4 trillion (there was a budget deficit of $4 trillion)
  2. 19 January, 21:21
    0
    he years in which there was a budget deficit are:

    2002, 2003, 2005, 2006, 2008, and 2010.
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