Join IDNLearn.com and start exploring the answers to your most pressing questions. Whether your question is simple or complex, our community is here to provide detailed and trustworthy answers quickly and effectively.

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]