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Suppose that the amount of taxes in China is equal to 1000. Suppose that the government expenditures are equal to 1400 (All numbers in billions of domestic currency)

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

 

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Suppose that the amount of taxes in China is equal to 1700. Suppose that the government expenditures are equal to 1800 (All numbers in billions of domestic currency)

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

 

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Suppose that the amount of taxes in the US is equal to 1400. Suppose that the government expenditures are equal to 1200 (All numbers in billions of domestic currency)

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

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