Question: How is the governments budget surplus calculated? (A) The government can never run a surplus. (B) (government spending taxes) + foreign assets (C) tax

How is the government’s budget surplus calculated?

(A) The government can never run a surplus.

(B) (government spending – taxes) + foreign assets

(C) tax revenues – (government spending + transfer payments)

(D) tax revenues + government spending + transfer payments

(E) tax revenues – (government spending – transfer payments)

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