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Question 1

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

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

 

Hint


Question 2

Suppose that the amount of taxes in Mexico is equal to 1600. Suppose that the government expenditures are equal to 2000 (All numbers in billions of domestic currency)

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

 

Hint


Question 3

Suppose that the amount of taxes in Canada is equal to 1900. Suppose that the government expenditures are equal to 1000 (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 surplus?

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Hint