Corporations often raise funds for business activities by the sale of shares of existing common stock.

A country's balance of payment accounts include its government budget deficit or surplus

Indicate whether the statement is true or false

Which of the following statements characterizes government transfer payment spending in the United States between 1960 and 2015?

A) Transfer payment spending by the federal government and by state and local governments has decreased as a percentage of GDP. B) Transfer payment spending by the federal government and by state and local governments has more than tripled as a percentage of GDP. C) Transfer payment spending by the federal government and by state and local governments has remained constant as a percentage of GDP. D) Transfer payment spending by the federal government and by state and local governments has fluctuated widely over this period.