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Question 1

Suppose that the amount of taxes in the US is equal to 1200. Suppose that the government expenditures are equal to 2000 (All numbers in billions of domestic currency)

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

 

Hint


Question 2

Suppose that the amount of taxes in Japan is equal to 1600. Suppose that the government expenditures are equal to 1000 (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 the US is equal to 1700. 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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Hint