Examlex
A will that has been properly executed is effective upon delivery
to the beneficiaries during the testator's life.
Social Security Taxes
Taxes collected by governments to fund social security programs, including retirement benefits, disability insurance, and survivor benefits.
Automatic Stabilizers
Economic policies and programs that automatically adjust to counteract economic fluctuations without additional government action.
Real GDP
Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced in a country using constant prices.
Balanced Budget Amendment
A proposed amendment to a government's constitution that requires the annual budget to be balanced, so that expenditures do not exceed revenues.
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