Country Surplus (+) or Deficit (-) as a percent of GDP Canada -1.10 Iceland 12.57 Latvia 0.06 Norway 3.99 Spain -4.51 United States -4.94 Given the information in Exhibit 23-1, which of the following statements is correct? a. The national debts of Canada, Spain and the United States increased in 2016. b. Canada was the closest of the countries shown to balancing its budget. c. Iceland experienced the largest deficit of the countries shown. d. Norway likely had to sell government securities to finance its overspending