The table shows receipts (income) and outlays (spending) in billions of dollars for the U.S. government in

Question:

The table shows receipts (income) and outlays (spending) in billions of dollars for the U.S. government in selected years.

During which years did the budget show a surplus? A deficit? Explain the answers.

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Intermediate Algebra

ISBN: 9780134895987

13th Edition

Authors: Margaret Lial, John Hornsby, Terry McGinnis

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Question Posted: Jun 18, 2023 09:41 AM

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The table shows receipts (income) and outlays (spending) in billions of dollars for the U.S. government in

Question:

Fiscal Year Receipts 2001 1991 2006 2407 2011 2303 2016 3268 Data from Office of Management and Budget. Outlays 1863 2655 3603 3853

Step by Step Answer:

to calculate surplus or deficit in budget we simply subtract receipts a...View the full answer

Intermediate Algebra

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