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Question 1

Suppose that the amount of taxes in China is equal to 1200. 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?

 

Hint


Question 2

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

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

 

Hint


Question 3

Suppose that the amount of taxes in Canada is equal to 1900. Suppose that the government expenditures are equal to 1400 (All numbers in billions of domestic currency)

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

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Hint