Chapter P.1, Problem 49E

In Exercises 49-52, use the bar graph, which shows the receipts of the federal government (in billions of dollars) for selected years from $2008$ through $2014$. In each exercise, you are given the expenditures of the federal government. Find the magnitude of the surplus or deficit for the year.

$\begin{array}{l}\begin{array}{cccc}\text{Year}& \text{Receipts, }R& \text{Expenditures},E& \mid R-E\mid \end{array}\\ \begin{array}{cccc}\text{2008 }& \boxed{}& \text{\$2982}\text{.5 billion }& \boxed{}\end{array}\end{array}$