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Question 1

Suppose that the amount of taxes in Mexico is equal to 1900. Suppose that the government expenditures are equal to 1200 (All numbers in billions of domestic currency)

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

 

Hint


Question 2

Suppose that the amount of taxes in Slovenia is equal to 1600. Suppose that the government expenditures are equal to 1200 (All numbers in billions of domestic currency)

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

 

Hint


Question 3

Suppose that the amount of taxes in the US is equal to 1700. Suppose that the government expenditures are equal to 2000 (All numbers in billions of domestic currency)

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

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Hint






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