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Budget balances and the national debt The following table lists federal expenditures, revenues, and GDP for the U.S. economy during several years. Year Revenues Expenditures

Budget balances and the national debt The following table lists federal expenditures, revenues, and GDP for the U.S. economy during several years. Year Revenues Expenditures GDP (Billions of dollars) (Billions of dollars) (Billions of dollars) 19981,7221,6538,74720002,0251,7899,81720021,8532,01110,47020041,8802,29311,68620062,4072,65513,178 Plot the data for revenues and expenditures as a percentage of GDP on the following graph, rounded to the nearest percent. Use the purple points (diamond symbol) for expenditures and the green points (triangle symbol) for revenues. Note : Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. Expenditures Revenues 1996 1998 2000 2002 2004 2006 25 20 15 10 5 0 EXPENDITURES AND REVENUES (Percent of GDP) YEAR In which years was the government's budget in deficit? Check all that apply. 1998 2000 2002 2004 2006 In 2002, the national debt by . Grade It Now Save & Continue

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