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Suppose that the amount of taxes in China is equal to 1600. Suppose that the government expenditures are equal to 1800 (All numbers in billions of domestic currency)

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

 

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Suppose that the amount of taxes in Mexico is equal to 1200. Suppose that the government expenditures are equal to 1100 (All numbers in billions of domestic currency)

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

 

Hint


Suppose that the amount of taxes in Mexico is equal to 1000. Suppose that the government expenditures are equal to 1000 (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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