Answered

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}{|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}



Answer :

GinnyAnswer
To determine the years in which there was a budget surplus, we need to compare the revenue and expenditure for each year. A budget surplus occurs when the revenue exceeds the expenditure. Let's examine each year step-by-step:

1. 2001:
- Revenue: \[tex]$8 trillion - Expenditure: \$[/tex]6 trillion
- Revenue [tex]\(>\)[/tex] Expenditure → Yes, there is a surplus.

2. 2002:
- Revenue: \[tex]$5 trillion - Expenditure: \$[/tex]7 trillion
- Revenue [tex]\(<\)[/tex] Expenditure → No surplus.

3. 2003:
- Revenue: \[tex]$8 trillion - Expenditure: \$[/tex]10 trillion
- Revenue [tex]\(<\)[/tex] Expenditure → No surplus.

4. 2004:
- Revenue: \[tex]$9 trillion - Expenditure: \$[/tex]7 trillion
- Revenue [tex]\(>\)[/tex] Expenditure → Yes, there is a surplus.

5. 2005:
- Revenue: \[tex]$15 trillion - Expenditure: \$[/tex]18 trillion
- Revenue [tex]\(<\)[/tex] Expenditure → No surplus.

6. 2006:
- Revenue: \[tex]$8 trillion - Expenditure: \$[/tex]10 trillion
- Revenue [tex]\(<\)[/tex] Expenditure → No surplus.

7. 2007:
- Revenue: \[tex]$6 trillion - Expenditure: \$[/tex]4 trillion
- Revenue [tex]\(>\)[/tex] Expenditure → Yes, there is a surplus.

8. 2008:
- Revenue: \[tex]$2 trillion - Expenditure: \$[/tex]4 trillion
- Revenue [tex]\(<\)[/tex] Expenditure → No surplus.

9. 2009:
- Revenue: \[tex]$7 trillion - Expenditure: \$[/tex]4 trillion
- Revenue [tex]\(>\)[/tex] Expenditure → Yes, there is a surplus.

10. 2010:
- Revenue: \[tex]$5 trillion - Expenditure: \$[/tex]9 trillion
- Revenue [tex]\(<\)[/tex] Expenditure → No surplus.

After examining each year, we conclude that the years in which there was a budget surplus are:
- 2001
- 2004
- 2007
- 2009

Other Questions