3. At the end of 2008, the government of Chinas debt was 4,700 billion. ( is yuan,...

Question:

3. At the end of 2008, the government of China’s debt was ¥4,700 billion. (¥ is yuan, the currency of China). In 2009, the government spent ¥6,000 billion and ended the year with a debt of ¥5,300 billion. How much did the government receive in tax revenue in 2009? How can you tell?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Parkin Macroeconomics

ISBN: B0070OLVAC

10th Edition

Authors: Michael Parkin

Question Posted: