Economics - Fiscal Policy - Government budget - Budget Analysis

6 problems. Q1: 'Government revenue = $500B, expenditure = $600B. The budget has a ___ of $___' (deficit, $100B). Q2: 'If a country runs a $50B deficit every year for 10 years, national debt increases by ___' ($500B, ignoring interest). Q3: 'Tax revenue = $400B. Government spending = $350B. Budget _