47. The federal government runs a budget surplus when Group of answer choices the economy is in a recession it buys back fewer bonds than it issues it spends more than it receives in tax revenues it spends less than it receives in tax revenues

9. Make a graph showing the spending and tax revenue of your state government for as many years as you can find (use the government of your home country if you are not from the United States). What trends do you notice? What spending categories make up the largest share of the state budget? What are the largest sources of revenue? e

Year SGovernment (billions) Status of government budget 2018 $200 Surplus 2019 -800 Deficit 2020 -400 Deficit 2021 700 Surplus 2022 0 Balanced   Question: Determine the value of the government debt for the period 2018–2022.

Explain how a budget deficit arises and what actions governments must take in this circumstance and how does the budget deficit relates to the national debt, use examples, please!