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Suppose that the amount of taxes in Norway 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 Norway's budget?

 

Suppose that the amount of taxes in the US is equal to 1300. 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?

 

Suppose that the amount of taxes in Mexico is equal to 1100. Suppose that the government expenditures are equal to 1500 (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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