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.
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]
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]
We greatly appreciate every question and answer you provide. Keep engaging and finding the best solutions. This community is the perfect place to learn and grow together. Thank you for choosing IDNLearn.com for your queries. We’re here to provide accurate answers, so visit us again soon.