Question

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 deficit.

year	revenue	expenditure
2002	$5 trillion	$7 trillion
2003	$8 trillion	$10 trillion
2004	$9 trillion	$7 trillion
2005	$15 trillion	$18 trillion
2006	$8 trillion	$10 trillion
2007	$6 trillion	$4 trillion
2008	$2 trillion	$4 trillion
2009	$7 trillion	$4 trillion
2010	$5 trillion	$9 trillion

Explanation:

Step1: Define Budget Deficit

A budget deficit occurs when Expenditure > Revenue.

Step2: Check 2001

Revenue = $8 trillion, Expenditure = $6 trillion. $8 > $6 → No deficit.

Step3: Check 2002

Revenue = $5 trillion, Expenditure = $7 trillion. $5 < $7 → Deficit.

Step4: Check 2003

Revenue = $8 trillion, Expenditure = $10 trillion. $8 < $10 → Deficit.

Step5: Check 2004

Revenue = $9 trillion, Expenditure = $7 trillion. $9 > $7 → No deficit.

Step6: Check 2005

Revenue = $15 trillion, Expenditure = $18 trillion. $15 < $18 → Deficit.

Step7: Check 2006

Revenue = $8 trillion, Expenditure = $10 trillion. $8 < $10 → Deficit.

Step8: Check 2007

Revenue = $6 trillion, Expenditure = $4 trillion. $6 > $4 → No deficit.

Step9: Check 2008

Revenue = $2 trillion, Expenditure = $4 trillion. $2 < $4 → Deficit.

Step10: Check 2009

Revenue = $7 trillion, Expenditure = $4 trillion. $7 > $4 → No deficit.

Step11: Check 2010

Revenue = $5 trillion, Expenditure = $9 trillion. $5 < $9 → Deficit.

Answer:

The years with a budget deficit are 2002, 2003, 2005, 2006, 2008, 2010.