Which of the following equals the amount of public saving?
A. Government tax revenue minus the sum of government purchases and transfer payments to households.
B. The sum of government purchases and government tax revenue, minus transfer payments to households.
C. Government transfer payments to household minus the sum of government tax revenue and government purchases.
D. The sum of government tax revenue, government purchases, and government transfer payments to households.
A government that collects more in taxes than it spends experiences
A. a budget balance.
B. a budget surplus.
C. a budget deficit.
D. an increase in the national debt.
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