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Question 1

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

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

 

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Question 2

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

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

 

Hint


Question 3

Suppose that the amount of taxes in Slovenia is equal to 1300. Suppose that the government expenditures are equal to 1100 (All numbers in billions of domestic currency)

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

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