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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 1000 (All numbers in billions of domestic currency)

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

 

Suppose that the amount of taxes in Slovenia is equal to 1500. Suppose that the government expenditures are equal to 1200 (All numbers in billions of domestic currency)

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

 

Suppose that the amount of taxes in China 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 China's budget? What is the size of China's deficit?

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