The budget balance is equal to
A. total spending by the government.
B. taxes minus transfer payments.
C. taxes minus government spending and transfer payments.
D. the sum of deficits and surpluses over time.
E. total tax revenues collected.
The budget balance is equal to
A. total spending by the government.
B. taxes minus transfer payments.
C. taxes minus government spending and transfer payments.
D. the sum of deficits and surpluses over time.
E. total tax revenues collected.