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Suppose that the amount of taxes in Japan is equal to 1200 . Suppose that the government expenditures are equal to 1100 (All numbers in

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Suppose that the amount of taxes in Japan 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 Japan's budget? What is the size of Japan's surplus? $ Hint Suppose that the amount of taxes in the US is equal to $1200. Suppose that the government expenditures is equal to $1900. In addition, you know that the current level of debt in the US is equal to $340000 (all numbers in billions of domestic currency). Given this data, what is the new level of the US's debt? $

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