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Suppose that the amount of taxes in Mexico is equal to 1700. Suppose that the government expenditures are equal to 1200 (All numbers in billions of domestic currency)

Given this data, what can you say about Mexico's budget?

 

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Suppose that the amount of taxes in Canada is equal to 1700. Suppose that the government expenditures are equal to 2000 (All numbers in billions of domestic currency)

Given this data, what will happen to Canada's national debt?

 

Hint


Suppose that the amount of taxes in Mexico is equal to 1100. Suppose that the government expenditures are equal to 1300 (All numbers in billions of domestic currency)

Given this data, what can you say about Mexico's budget? What is the size of Mexico's deficit?

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