The function \( g(x) = f(x) - 3 \) can be rewritten as \( g(x) = x - 3 \). This transformation indicates that the entire graph of \( f(x) = x \) is shifted down by 3 units.
Therefore, the correct statement that describes the graph of \( g(x) \) is:
B. It is the graph of f(x) translated 3 units down.