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Question 1

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

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

 

Hint


Question 2

Suppose that the amount of taxes in China is equal to 1800. 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?

 

Hint


Question 3

Suppose that the amount of taxes in Slovenia is equal to 1000. Suppose that the government expenditures are equal to 1200 (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 deficit?

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Hint