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They may accumulate a surplus in good years, but they tend to lose it all in bad ones.
"Clearly what we have tried to do is make it possible for the diocese to accumulate a surplus, so that we can keep our schools and parishes open," he said.
But taxes levied on peasants in years when the harvest is good make it hard for them to accumulate a surplus to see them through the bad years.What is more, taxes must be paid in cash, shortly after harvest time.
Another possible mechanism is that, because the risk of microvascular complications increases exponentially as HbA1c rises (2), subjects with higher HbA1c variability would "accumulate" a surplus of risk in the periods spent at the upper end of their HbA1c range.
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In the past 12 months it has accumulated a surplus of $123 billion.
Demand remained strong until 1894, when the Mint temporarily suspended production as it had accumulated a surplus during the Panic of 1893.
Similarly important, the government's projection that it will accumulate a $3.4 trillion budget surplus between now and 2011 relies on a rate of productivity growth of at least 2.5percentt.
"China has discovered a remarkably efficient system of unleashing the creative, inquisitive and entrepreneurial activity of the people who are allowed to pursue their self-interests, while the state can cream off a significant portion of the surplus value of their labor by maintaining an undervalued currency and accumulating a trade surplus.
Granta usually accumulated a significant surplus which would traditionally be spent on an end-of-year party.
It accumulated a budget surplus of 8.8% of GDP last year, thanks to soaring revenues from its copper mines.
The row over public transport fares that raged throughout last year's mayoral election campaign enjoyed an anniversary revival last week after the credit rating agency Moodys reported (pdf) that Transport for London had accumulated a budget surplus of £890m in financial year 2011/12.
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