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a. Suppose that in 2019, Mexico's total government outlays were 657 billion pesos and total government revenue was 550 billion pesos. Calculate Mexico's budget surplus

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a. Suppose that in 2019, Mexico's total government outlays were 657 billion pesos and total government revenue was 550 billion pesos. Calculate Mexico's budget surplus or deficit. Be sure to include a negative sign if appropriate. billion pesos b. Select the answer that best describes the impact that the surplus or deficit you calculated will have on Mexico's debt. Mexico's debt will O rise by an amount equal to the size of the deficit. O not change. O fall by an amount equal to the size of the surplus

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