At the end of 2011 , the government of China 's debt was yen12.2 trillion. (yen is yuan , the currency of China ). In 2012 , the government spent yen12.7 trillion and ended the year with a debt of yen11.6 trillion. How much did the government receive in tax revenue in 2012 ? The government received ¥61 trillion in tax revenue in 2012.

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Business

Danna Orr

2 July, 02:44

At the end of 2011 , the government of China 's debt was yen12.2 trillion. (yen is yuan , the currency of China ). In 2012 , the government spent yen12.7 trillion and ended the year with a debt of yen11.6 trillion. How much did the government receive in tax revenue in 2012 ? The government received ¥61 trillion in tax revenue in 2012.

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Cordell Barry · Answer 1

Answer:. Y 13.6 trillion

Explanation:. Y

Total debt 2011 12.2 trillion

Expenditures 2012. 12.7

Total. 24.9

Less debts 2012. (11.6)

Balance. 13.6

The goverments spending if not from tax is supposed to increase the debts to Y24.9 trillion it's reduction to Y11.6 trillion means Y13.6 which is the difference was earned from tax to make expenditures.