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Suppose that the amount of taxes in China is equal to 1700. Suppose that the government expenditures are equal to 1100 (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 Japan is equal to 1900. Suppose that the government expenditures are equal to 2000 (All numbers in billions of domestic currency)

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

 

Hint


Suppose that the amount of taxes in the US is equal to 1500. Suppose that the government expenditures are equal to 1400 (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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