Answer:
he years in which there was a budget deficit are:
2002, 2003, 2005, 2006, 2008, and 2010.
Answer:
From the table shown the years in which there was a budget deficit are
2002,2003,2005,2006,2008,2010
Step-by-step explanation:
Budget deficit is said to be when expenditure exceed or is greater than the budgeted revenue.
For 2002:
Revenue = $5 trillion and expenditure = $7 trillion
To check for budget deficit = Revenue - expenditure ( $5 trillion - $7 trillion)
= -$2 trillion ( there was a budget deficit of $2 trillion)
For 2003:
Revenue = $8 trillion and expenditure = $10 trillion
to check for budget deficit = Revenue - expenditure ($8 trillion - $10 trillion)
= -$2 trillion (there was a budget deficit of $2 trillion)
For 2005:
Revenue = $15 trillion and expenditure = $18 trillion
to check for budget deficit = Revenue - expenditure ($15 trillion - $18 trillion)
= -$3 trillion (there was a budget deficit of $2 trillion)
For 2006:
Revenue = $8 trillion and expenditure = $10 trillion
to check for budget deficit = Revenue - expenditure ( $8 trillion - $10 trillion)
= -$2 trillion (there was a budget deficit of $2 trillion)
For 2008:
Revenue = $2 trillion and expenditure = $4 trillion
to check for budget deficit = Revenue - expenditure ( $2 trillion - $4 trillion)
= - $2 trillion ( there was a budget deficit of $2 trillion)
For 2010:
Revenue = $5 trillion and expenditure = $9 trillion
to check for budget deficit = Revenue - expenditure ( $5 trillion - $9 trillion)
= -$4 trillion (there was a budget deficit of $4 trillion)
