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Question 1

Suppose that the amount of taxes in Canada is equal to 1300. Suppose that the government expenditures are equal to 1500 (All numbers in billions of domestic currency)

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

 

Hint


Question 2

Suppose that the amount of taxes in Canada is equal to 1200. Suppose that the government expenditures are equal to 1500 (All numbers in billions of domestic currency)

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

 

Hint


Question 3

Suppose that the amount of taxes in Canada is equal to 1300. Suppose that the government expenditures are equal to 1500 (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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Hint