The table below shows the budgetary allocation of a country to selected sectors of the economy in a particular year. Study the table carefully and answer th...
Question 1 Report
The table below shows the budgetary allocation of a country to selected sectors of the economy in a particular year. Study the table carefully and answer the questions that follow.
| Sectors | Amount ( $ Million) |
| Education | 6,250 |
| Mining | 2,150 |
| Agriculture | 4,300 |
| Communication | 2,400 |
| Health | 2,900 |
(a) Present the above information contained in the table in the form of a pie chart. (Show your workings clearly). [12 marks]
(b) Distinguish between a budget surplus and a budget deficit. [8 marks]
Answer Details
(a) Pie chart of the budgetary allocation
First, calculate the total allocation:
\[\$6,250+\$2,150+\$4,300+\$2,400+\$2,900=\$18,000\text{ million}\]
The angle for each sector is calculated as:
\[\text{Sector angle}=\frac{\text{Sector allocation}}{\text{Total allocation}}\times360^\circ\]
| Sector | Allocation ($ million) | Working | Angle |
|---|---|---|---|
| Education | 6,250 | \(\frac{6,250}{18,000}\times360^\circ\) | 125° |
| Mining | 2,150 | \(\frac{2,150}{18,000}\times360^\circ\) | 43° |
| Agriculture | 4,300 | \(\frac{4,300}{18,000}\times360^\circ\) | 86° |
| Communication | 2,400 | \(\frac{2,400}{18,000}\times360^\circ\) | 48° |
| Health | 2,900 | \(\frac{2,900}{18,000}\times360^\circ\) | 58° |
| Total | 18,000 | 360° |
Using the calculated angles, the pie chart is:
(b) A budget surplus occurs when the government’s planned revenue is greater than its planned expenditure. A budget deficit occurs when the government’s planned expenditure is greater than its planned revenue.
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