### Federal Budget Surplus and Deficit Analysis#### OverviewThis exercise helps in understanding the distribution of budget surpluses and deficits in the federal budget over a period of years.#### Visual Data RepresentationThe provided bar graph displays the federal budget surpluses and deficits from the year 1990 to 2020. - **Y-axis**: The Y-axis represents the budget values in billions of dollars, ranging from -3400 (deficit) to 400 (surplus).- **X-axis**: The X-axis denotes the years from 1990 to 2020.- **Color Coding**: - Blue bars indicate years with a budget surplus. - Orange bars indicate years with a budget deficit.#### Graph Analysis- From 1990 to 1997, the federal budget mostly shows deficits, with slight improvements around the mid-1990s.- From 1998 to 2001, the budget experiences surpluses, indicated by the blue bars.- From 2002 onwards, the federal budget consistently shows deficits, which increase significantly after 2008, and again after 2019.#### Question for Analysis**Since 1994, in how many years has the federal budget had a surplus?****Instructions**: Enter your response as a whole number in the provided box.*Answer Box*: ____ years

The federal spending plan has significance due to the fact that it explains the government's…

Refer to the figure below. $400 SITIO0 C SNOTHE 200 O -200 -400 -800 -1000 -1200 -1400 -1600 -1800 -2000 -2200 -2400 -2600 -2800 -3000 -3200 -3400 Budget surpluses Budget deficits 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2015 2018 2020 YEAR Since 1994, in how many years has the federal budget had a surplus? Instructions: Enter your response as a whole number. years 4

Refer to the figure below. $400 SITIO0 C SNOTHE 200 O -200 -400 -800 -1000 -1200 -1400 -1600 -1800 -2000 -2200 -2400 -2600 -2800 -3000 -3200 -3400 Budget surpluses Budget deficits 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2015 2018 2020 YEAR Since 1994, in how many years has the federal budget had a surplus? Instructions: Enter your response as a whole number. years 4

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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