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Suppose that the amount of taxes in Mexico is equal to 2000. 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?

 

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Suppose that the amount of taxes in Norway is equal to 1100. Suppose that the government expenditures are equal to 2000 (All numbers in billions of domestic currency)

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

 

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

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

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