Examlex
Which of the following statements is NOT correct?
Federal Budget Deficit
The deficit that occurs when the government's spending surpasses its income within a fiscal year.
Federal Budget Surpluses
Occurs when the government's revenues exceed its expenditures during a fiscal year.
Inflation Rate
The rate, shown as a percentage, at which prices for services and goods overall are climbing, causing the buying power to decrease.
American Farms
Agricultural enterprises operating in the United States, focusing on the production of food, feed, fiber, and other products.
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