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Suppose that the amount of taxes in Norway is equal to 2000. Suppose that the government expenditures are equal to 1400 (All numbers in billions of domestic currency)

Given this data, what can you say about Norway's budget?

 

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Suppose that the amount of taxes in Japan is equal to 1500. Suppose that the government expenditures are equal to 1300 (All numbers in billions of domestic currency)

Given this data, what will happen to Japan's national debt?

 

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Suppose that the amount of taxes in Norway is equal to 1600. Suppose that the government expenditures are equal to 1600 (All numbers in billions of domestic currency)

Given this data, what can you say about Norway's budget? What is the size of Norway's deficit?

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