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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
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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