-The Above Table Gives a Country's Government Outlays and Tax

question 177

Essay

$$\begin{array} { | c | c | c | } \hline \text { Year } & \begin{array} { c } \text { Government } \\\text { outlays } \\\text { trillions of } \\\text { 2005 dollars) }\end{array} & \begin{array} { c } \text { Tax receipts } \\\text { (trillions of } \\\text { 2005 dollars) }\end{array} \\\hline 2007 & 0.75 & 0.80 \\\hline 2008 & 0.80 & 0.83 \\\hline 2009 & 0.87 & 0.86 \\\hline 2010 & 0.95 & 0.95 \\\hline 2011 & 1.06 & 1.02 \\\hline\end{array}$$
-The above table gives a country's government outlays and tax receipts for 2007 through 2011.During which years did the country have a balanced budget,budget surplus,and budget deficit?

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Definitions:

Merit Pay

Compensation added to an employee's base pay based on performance, aimed at rewarding excellence and encouraging high productivity.

Cost Of Living

The amount of money needed to sustain a certain level of living, including basic expenses such as housing, food, taxes, and healthcare.

Performance

The level at which an individual, group, or system executes tasks and responsibilities, often measured against pre-set standards.

Graphic Rating Scales

A method used in performance appraisals where employees are scored on a continuum for various performance factors.