Examlex
Which of the following best defines fidelity?
Federal Government Budget Surplus
Occurs when a government's income exceeds its spending during a fiscal year.
Aggregate Demand
The aggregate need for products and services throughout an economy, specified at a consistent price level and during a certain time.
National Saving
The total saving in an economy, consisting of both private savings by households and businesses, and public savings by the government.
Formal Budget Process
The systematic procedures followed by organizations or governments to estimate revenues, plan expenditures, and manage finances.
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