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Question 1

Suppose that the amount of taxes in Canada is equal to 1800. Suppose that the government expenditures are equal to 1400 (All numbers in billions of domestic currency)

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

 

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Question 2

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

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

 

Hint


Question 3

Suppose that the amount of taxes in Mexico is equal to 1200. Suppose that the government expenditures are equal to 1800 (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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Hint