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Question 1

Suppose that the amount of taxes in Norway is equal to 1300. 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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Question 2

Suppose that the amount of taxes in Slovenia is equal to 1300. Suppose that the government expenditures are equal to 1700 (All numbers in billions of domestic currency)

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

 

Hint


Question 3

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

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

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Hint