At the end of 2011, China’s government debt was ¥4,700 billion (¥ is yuan, the currency of China). In 2012, the government spent ¥6,000 billion and ended the year with a debt of ¥5,300 billion. How...

At the end of 2011, China’s government debt

was ¥4,700 billion (¥ is yuan, the currency of

China). In 2012, 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 2012? How can you tell?

 Supply-Side Effects of Fiscal Policy (Study Plan 29.2)