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Suppose that the amount of taxes in Mexico is equal to 1100. Suppose that the government expenditures are equal to 1600 (All numbers in billions of domestic currency)

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

 

Hint


Suppose that the amount of taxes in Slovenia 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 Slovenia's national debt?

 

Hint


Suppose that the amount of taxes in Mexico is equal to 1800. Suppose that the government expenditures are equal to 1700 (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 surplus?

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Hint