At the end of 2011, the government of China's 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?
A)¥5,400 billion
B)¥6,600 billion
C)¥600 billion
D)¥5,900 billion
E)¥5,300 billion

Question

Quizplus · Accepted Answer

The government started with a debt of ¥4,700 billion and ended with ¥5,300 billion, indicating an increase of ¥600 billion in debt. Since they spent ¥6,000 billion, they must have received ¥5,400 billion in tax revenue to cover the spending minus the increase in debt.

At the End of 2011, the Government of China's Debt