The bar graph shows that in 2000 and 2001 , the U.S....

The bar graph shows that in 2000 and 2001 , the U.S. government collected more in taxes than it spent, so there was a budget surplus for each of these years. By contrast, in 2002 through $2009,$ the government spent more than it collected, resulting in budget deficits. (GRAPH CAN NOT COPY) a. In $2006,$ the government collected 2407 dollar billion and spent 2655 dollar billion. Find $2407+(-2655)$ and determine the deficit, in billions of dollars, for 2006 b. In $2007,$ the government collected 2568 dollar billion and spent 2730 dollar billion. Find the deficit, in billions of dollars, for 2007 . c. Use your answers from part (a) and (b) to determine the combined deficit, in billions of dollars, for 2006 and 2007

The bar graph shows that in 2000 and 2001 , the U.S. government collected more in taxes than it spent, so there was a budget surplus for each of these years. By contrast, in 2002 through $2009,$ the government spent more than it collected, resulting in budget deficits.
(GRAPH CAN NOT COPY)
a. In $2006,$ the government collected 2407 dollar billion and spent 2655 dollar billion. Find $2407+(-2655)$ and determine the deficit, in billions of dollars, for 2006 b. In $2007,$ the government collected 2568 dollar billion and spent 2730 dollar billion. Find the deficit, in billions of dollars, for 2007 .
c. Use your answers from part (a) and (b) to determine the combined deficit, in billions of dollars, for 2006 and 2007

Labs

Want to see this concept in action?

NEW

Explore this concept interactively to see how it behaves as you change inputs.

View Labs

Key Concepts

Budget Surplus and Deficit

This concept relates to the financial interpretation of positive and negative differences between income and expenditure. A surplus occurs when income exceeds spending, while a deficit happens when spending surpasses income. Understanding these definitions is crucial for interpreting financial data and calculating the net outcome.

Integers and Signed Numbers

This concept involves understanding that numbers can be positive or negative, and that their arithmetic operations follow specific rules. In many real-world applications, including finance, values like profits and losses are represented with positive and negative integers, respectively.

Operations with Negative Numbers

This concept covers the rules for adding and subtracting positive and negative numbers. It is particularly important in scenarios where calculating a deficit (a negative value) involves adding a negative number to another number, ensuring that the correct overall result is obtained.

Transcript

Please give Ace some feedback