Expand your horizons with the diverse and informative answers found on IDNLearn.com. Find reliable solutions to your questions quickly and easily with help from our experienced experts.

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.

\begin{tabular}{|l|l|l|}
\hline
Year & Revenue & Expenditure \\
\hline
2001 & \[tex]$8 trillion & \$[/tex]6 trillion \\
\hline
2002 & \[tex]$5 trillion & \$[/tex]7 trillion \\
\hline
2003 & \[tex]$8 trillion & \$[/tex]10 trillion \\
\hline
2004 & \[tex]$9 trillion & \$[/tex]7 trillion \\
\hline
2005 & \[tex]$15 trillion & \$[/tex]18 trillion \\
\hline
2006 & \[tex]$8 trillion & \$[/tex]10 trillion \\
\hline
2007 & \[tex]$6 trillion & \$[/tex]4 trillion \\
\hline
2008 & \[tex]$2 trillion & \$[/tex]4 trillion \\
\hline
2009 & \[tex]$7 trillion & \$[/tex]4 trillion \\
\hline
2010 & \[tex]$5 trillion & \$[/tex]9 trillion \\
\hline
\end{tabular}


Sagot :

To identify the years in which there was a budget deficit, we need to compare the revenue and expenditure for each year. A budget deficit occurs when the expenditure exceeds the revenue for a given year.

Let's go through the data year by year:

- 2001: Revenue = \[tex]$8 trillion, Expenditure = \$[/tex]6 trillion (No deficit, revenue is greater than expenditure)
- 2002: Revenue = \[tex]$5 trillion, Expenditure = \$[/tex]7 trillion (Deficit, as expenditure is greater than revenue)
- 2003: Revenue = \[tex]$8 trillion, Expenditure = \$[/tex]10 trillion (Deficit, as expenditure is greater than revenue)
- 2004: Revenue = \[tex]$9 trillion, Expenditure = \$[/tex]7 trillion (No deficit, revenue is greater than expenditure)
- 2005: Revenue = \[tex]$15 trillion, Expenditure = \$[/tex]18 trillion (Deficit, as expenditure is greater than revenue)
- 2006: Revenue = \[tex]$8 trillion, Expenditure = \$[/tex]10 trillion (Deficit, as expenditure is greater than revenue)
- 2007: Revenue = \[tex]$6 trillion, Expenditure = \$[/tex]4 trillion (No deficit, revenue is greater than expenditure)
- 2008: Revenue = \[tex]$2 trillion, Expenditure = \$[/tex]4 trillion (Deficit, as expenditure is greater than revenue)
- 2009: Revenue = \[tex]$7 trillion, Expenditure = \$[/tex]4 trillion (No deficit, revenue is greater than expenditure)
- 2010: Revenue = \[tex]$5 trillion, Expenditure = \$[/tex]9 trillion (Deficit, as expenditure is greater than revenue)

The years where the federal government had a budget deficit are:

[tex]\[ 2002, 2003, 2005, 2006, 2008, 2010 \][/tex]