To identify the years in which there was a budget deficit, we need to compare the revenue and expenditure for each year. A budget deficit occurs when the expenditure exceeds the revenue.
Let's examine each year individually:
- 2001:
- Revenue: \[tex]$8 trillion
- Expenditure: \$[/tex]6 trillion
- Revenue is greater than expenditure, so there is no deficit.
- 2002:
- Revenue: \[tex]$5 trillion
- Expenditure: \$[/tex]7 trillion
- Revenue is less than expenditure, so there is a deficit.
- 2003:
- Revenue: \[tex]$8 trillion
- Expenditure: \$[/tex]10 trillion
- Revenue is less than expenditure, so there is a deficit.
- 2004:
- Revenue: \[tex]$9 trillion
- Expenditure: \$[/tex]7 trillion
- Revenue is greater than expenditure, so there is no deficit.
- 2005:
- Revenue: \[tex]$15 trillion
- Expenditure: \$[/tex]18 trillion
- Revenue is less than expenditure, so there is a deficit.
- 2006:
- Revenue: \[tex]$8 trillion
- Expenditure: \$[/tex]10 trillion
- Revenue is less than expenditure, so there is a deficit.
- 2007:
- Revenue: \[tex]$6 trillion
- Expenditure: \$[/tex]4 trillion
- Revenue is greater than expenditure, so there is no deficit.
- 2008:
- Revenue: \[tex]$2 trillion
- Expenditure: \$[/tex]4 trillion
- Revenue is less than expenditure, so there is a deficit.
- 2009:
- Revenue: \[tex]$7 trillion
- Expenditure: \$[/tex]4 trillion
- Revenue is greater than expenditure, so there is no deficit.
- 2010:
- Revenue: \[tex]$5 trillion
- Expenditure: \$[/tex]9 trillion
- Revenue is less than expenditure, so there is a deficit.
So, the years in which there was a budget deficit are:
- 2002
- 2003
- 2005
- 2006
- 2008
- 2010
