How is the national budget like a personal budget? How is it different?

The National Budget is like a personal budget, in which there is a finite amount of monetary value (money) that can be spent for both needs as well as wants, through what can be known as programs (such as infrastructure plans, bailouts, funding for the military, etc.) The national budget is different from the personal budget, as it affects everybody within that nation. When a country's government overspends, the extra amount is added into what is known as a national debt, and each individual is "given" a even portion of the amount due to pay for such an amount. However, when a country defaults vs when a individual defaults, it is quite different. When a individual defaults, it can lead to individual property seizure on top of making it harder for you to loan money from entities (poor-credit score). However, when a country defaults they only have a harder time to obtain loans (poor-credit score). No property is seized.

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explanation:

the correct answer is "c: merchants" and "e. soldiers".

the song dynasty was known as the first government in the world to introduce paper currency. it was also the first chinese government which established a permanent standing navy. finally, the first compass was introduced during this period of government.

all of these innovations heavily affected commerce in a positive way. printed money dynamize commerce within the borders of the empire due to an easier way to quantify value during the trade. the introduction of the compass trade routes to be faster. finally, the introduction of a standing navy regulate trade routes.

regarding military affairs, gunpowder was created during this period. this was a tremendous improvement that was widely utilized by the military in order to innovate in the manufacturing of weapons.