The table shows the federal government’s budgeted revenue and expenditures from 2001 through 2010. Identify the years in which t
here was a budget surplus.
2 answers:
Answer and Explanation:
The correct answer is: the <em>years 2001, 2004, 2007 and 2009.</em>
The table mentioned in the question was missing, so I attached it here.
A budget surplus refers to when the revenue (in this case the government's budgeted revenue) surpasses the expenditure in a given period of time, such as over the span of one year. From the attached table, we can see that in these years, the revenue was higher than the expenditure, therefore, resulting in a budget surplus.
1. 2001- the budget surplus was $2 trillion (8 trillion- 2 trillion)
2. 2004- the budget surplus was $2 trillion (9 trillion- 7 trillion)
3. 2007- the budget surplus was $2 trillion (6 trillion- 4 trillion)
4. 2009- the budget surplus was $3 trillion (7 trillion- 4 trillion)
Answer:
The years that have excess funds are in 2001, 2004, 2007, 2009
Explanation:
The explanation is on the table
Formula: Income - Expenditures = Strength / Loss
In 2001,
Income: $ 8 Trillion
Expenditures: $ 6 Trillion
$ 8 Trillion - $ 6 Trillion = $ 2 Trillion
In 2004,
Income: $ 9 Trillion
Expenditures: $ 7 Trillion
$ 9 Trillion - $ 7 Trillion = $ 2 Trillion
In 2007,
Income: $ 6 Trillion
Expenditures: $ 4 Trillion
$ 6 Trillion - $ 4 Trillion = $ 2 Trillion
In 2009,
Income: $ 7 Trillion
Expenditures: $ 4 Trillion
$ 7 Trillion - $ 4 Trillion = $ 3 Trillion
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