1.1. The following budget data are for a country having both a central government and provincial governments:

Central purchases of goods and services 200 Provincial purchases of goods and services 150 Central transfer payments 100 Provincial transfer payments 50 Grants in aid (central to provincial) 100 Central tax receipts 450 Provincial tax receipts 100 Interest received from private sector by central government 10 Interest received from private sector by provincial governments 10 Total central government debt 1000 Total provincial government debt 0 Central government debt held by provincial governments Nominal interest rate Calculate the overall and primary deficits for the central government, the provincial governments, and the combined governments.

200 10%