The table shows receipts (income) and outlays (spending) in...

The table shows receipts (income) and outlays (spending) in billions of dollars for the U.S. government in selected years. $$ \begin{array}{|c|c|c|} \hline \text { Fiscal Year } & \text { Receipts } & \text { Outlays } \\ \hline 2001 & 1991 & 1863 \\ 2006 & 2407 & 2655 \\ 2011 & 2303 & 3603 \\ 2016 & 3268 & 3853 \\ \hline \end{array} $$ Find the difference between U.S. government receipts and outlays for each year shown in the table.

The table shows receipts (income) and outlays (spending) in billions of dollars for the U.S. government in selected years.
$$
\begin{array}{|c|c|c|}
\hline \text { Fiscal Year } & \text { Receipts } & \text { Outlays } \\
\hline 2001 & 1991 & 1863 \\
2006 & 2407 & 2655 \\
2011 & 2303 & 3603 \\
2016 & 3268 & 3853 \\
\hline
\end{array}
$$
Find the difference between U.S. government receipts and outlays for each year shown in the table.

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Key Concepts

Data Interpretation from Tables

This concept involves reading, understanding, and extracting numerical data from a table format. In many mathematical and statistical problems, tables are used to organize data such as financial figures, measurements, or survey results. Being able to locate and interpret the relevant figures within rows and columns is essential for solving related problems.

Basic Subtraction

Basic subtraction is the arithmetic process of finding the difference between two numbers. In contexts such as comparing income and spending, taking the difference tells us the net result of the two quantities. This concept is fundamental in both simple calculations and more complex financial analyses.

Financial Comparison (Deficit and Surplus Analysis)

This concept involves comparing two financial figures—such as receipts (income) and outlays (expenditures)—to determine whether there is a surplus (when income exceeds spending) or a deficit (when spending exceeds income). Understanding this comparison is crucial in fields like economics and public finance as it provides insight into the financial health of an entity.

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