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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 surplus.

\begin{tabular}{|r|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}



Answer :

GinnyAnswer
To identify the years in which there was a budget surplus, we need to compare the budgeted revenue to the expenditures for each year. A budget surplus occurs when the revenue is greater than the expenditures. Let's go through each year one by one to determine if there was a surplus.

- 2001:
- Revenue: \[tex]$8 trillion - Expenditure: \$[/tex]6 trillion
- Since \[tex]$8 trillion (revenue) > \$[/tex]6 trillion (expenditure), there is a surplus in 2001.

- 2002:
- Revenue: \[tex]$5 trillion - Expenditure: \$[/tex]7 trillion
- Since \[tex]$5 trillion (revenue) < \$[/tex]7 trillion (expenditure), there is no surplus in 2002.

- 2003:
- Revenue: \[tex]$8 trillion - Expenditure: \$[/tex]10 trillion
- Since \[tex]$8 trillion (revenue) < \$[/tex]10 trillion (expenditure), there is no surplus in 2003.

- 2004:
- Revenue: \[tex]$9 trillion - Expenditure: \$[/tex]7 trillion
- Since \[tex]$9 trillion (revenue) > \$[/tex]7 trillion (expenditure), there is a surplus in 2004.

- 2005:
- Revenue: \[tex]$15 trillion - Expenditure: \$[/tex]18 trillion
- Since \[tex]$15 trillion (revenue) < \$[/tex]18 trillion (expenditure), there is no surplus in 2005.

- 2006:
- Revenue: \[tex]$8 trillion - Expenditure: \$[/tex]10 trillion
- Since \[tex]$8 trillion (revenue) < \$[/tex]10 trillion (expenditure), there is no surplus in 2006.

- 2007:
- Revenue: \[tex]$6 trillion - Expenditure: \$[/tex]4 trillion
- Since \[tex]$6 trillion (revenue) > \$[/tex]4 trillion (expenditure), there is a surplus in 2007.

- 2008:
- Revenue: \[tex]$2 trillion - Expenditure: \$[/tex]4 trillion
- Since \[tex]$2 trillion (revenue) < \$[/tex]4 trillion (expenditure), there is no surplus in 2008.

- 2009:
- Revenue: \[tex]$7 trillion - Expenditure: \$[/tex]4 trillion
- Since \[tex]$7 trillion (revenue) > \$[/tex]4 trillion (expenditure), there is a surplus in 2009.

- 2010:
- Revenue: \[tex]$5 trillion - Expenditure: \$[/tex]9 trillion
- Since \[tex]$5 trillion (revenue) < \$[/tex]9 trillion (expenditure), there is no surplus in 2010.

Thus, there were budget surpluses in the years:
- 2001
- 2004
- 2007
- 2009

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