select the correct locations in the table. the table shows the federal governments budgeted revenue and…

select the correct locations in the table. the table shows the federal governments budgeted revenue and expenditures from 2001 through 2010. identify the years in which there was a budget deficit.\n| year | revenue | expenditure |\n| ---- | ---- | ---- |\n| 2001 | $8 trillion | $6 trillion |\n| 2002 | $5 trillion | $7 trillion |\n| 2003 | $8 trillion | $10 trillion |\n| 2004 | $9 trillion | $7 trillion |\n| 2005 | $15 trillion | $18 trillion |\n| 2006 | $8 trillion | $10 trillion |\n| 2007 | $6 trillion | $4 trillion |\n| 2008 | $2 trillion | $4 trillion |\n| 2009 | $7 trillion | $4 trillion |\n| 2010 | $5 trillion | $9 trillion |

select the correct locations in the table. the table shows the federal governments budgeted revenue and expenditures from 2001 through 2010. identify the years in which there was a budget deficit.\n| year | revenue | expenditure |\n| ---- | ---- | ---- |\n| 2001 | $8 trillion | $6 trillion |\n| 2002 | $5 trillion | $7 trillion |\n| 2003 | $8 trillion | $10 trillion |\n| 2004 | $9 trillion | $7 trillion |\n| 2005 | $15 trillion | $18 trillion |\n| 2006 | $8 trillion | $10 trillion |\n| 2007 | $6 trillion | $4 trillion |\n| 2008 | $2 trillion | $4 trillion |\n| 2009 | $7 trillion | $4 trillion |\n| 2010 | $5 trillion | $9 trillion |

Answer

Explanation:

Step1: Recall budget - deficit condition

A budget deficit occurs when expenditure > revenue.

Step2: Check 2001

Revenue = $8$ trillion, Expenditure = $6$ trillion. Since $6<8$, no deficit.

Step3: Check 2002

Revenue = $5$ trillion, Expenditure = $7$ trillion. Since $7 > 5$, there is a deficit.

Step4: Check 2003

Revenue = $8$ trillion, Expenditure = $10$ trillion. Since $10>8$, there is a deficit.

Step5: Check 2004

Revenue = $9$ trillion, Expenditure = $7$ trillion. Since $7<9$, no deficit.

Step6: Check 2005

Revenue = $15$ trillion, Expenditure = $18$ trillion. Since $18>15$, there is a deficit.

Step7: Check 2006

Revenue = $8$ trillion, Expenditure = $10$ trillion. Since $10>8$, there is a deficit.

Step8: Check 2007

Revenue = $6$ trillion, Expenditure = $4$ trillion. Since $4<6$, no deficit.

Step9: Check 2008

Revenue = $2$ trillion, Expenditure = $4$ trillion. Since $4>2$, there is a deficit.

Step10: Check 2009

Revenue = $7$ trillion, Expenditure = $4$ trillion. Since $4<7$, no deficit.

Step11: Check 2010

Revenue = $5$ trillion, Expenditure = $9$ trillion. Since $9>5$, there is a deficit.

Answer:

2002, 2003, 2005, 2006, 2008, 2010