Which equation represents the government budget balance MOST accurately?

Question

Quizplus · Accepted Answer

The equation T - G - TR represents the government budget balance most accurately because it subtracts government spending (G) and transfer payments (TR) from tax revenue (T), giving a net surplus or deficit in the government's budget. It takes into account both revenue and expenditures, unlike the other equations that either include only revenue or do not account for transfer payments.

Which Equation Represents the Government Budget Balance MOST Accurately