Suppose Argentina is considering spending $250 million pesos. One option is to tax people today for the full amount.

5. Suppose Argentina is considering spending $250 million pesos. One option is to tax people today for the full amount. Alternatively, the government will borrow the full amount at ten percent interest and tax people next year. a. Write down the two-year budget constraint for the Argentine government. b. Wrte down the budget constraint for this year and for next year for an Argentine citizen. c. What would the interest rate have to be for an Argentine citizen to be indifferent between the two government financing alternative