- potential GDP
- Econa measure of the real value of the services and goods that can be produced when a country’s factors of production are fully employed
The ultimate business dictionary. 2015.
potential GDP
Look at other dictionaries:
GDP gap — The GDP gap or the output gap is the difference between potential GDP and actual GDP or actual output. The calculation for the output gap is Y Y* where Y is potential output and Y* is actual output or the natural level of output. If this… … Wikipedia
Potential output — In economics, potential output (also referred to as natural gross domestic product ) refers to the highest level of real Gross Domestic Product output that can be sustained over the long term. The existence of a limit is due to natural and… … Wikipedia
Potential superpowers — The present day governments that have been claimed to become (or to remain) superpowers during the 21st century. The list of governments. United States of America … Wikipedia
GDP Gap — The forfeited output of a country s economy resulting from the failure to create sufficient jobs for all those willing to work. A GDP gap denotes the amount of production that is irretrievably lost. The potential for higher production levels is… … Investment dictionary
Output gap — Potential (light) and actual (bold) GDP estimates from the Congressional Budget Office. The difference between the two represents the GDP gap … Wikipedia
Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… … Universalium
Inflationary gap — An inflationary gap, in economics, is the amount by which the real Gross domestic product, or real GDP, exceeds potential GDP.cite journal last=Parkin first=Michael year= 2007 title=Economics, Level I CFA Program Curriculum volume=2… … Wikipedia
Aggregate demand — This article is about a concept in macroeconomics. For microeconomic demand aggregated over consumers, see Demand curve. In macroeconomics, aggregate demand (AD) is the total demand for final goods and services in the economy (Y) at a given time… … Wikipedia
AD-IA Model — The Aggregate Demand Inflation Adjustment model builds on the concepts of the IS/LM model and the AD AS models, essentially in terms of changing interest rates in response to fluctuations in inflation rather than as changes in the money supply in … Wikipedia
Poland — <p></p> <p></p> Introduction ::Poland <p></p> Background: <p></p> Poland s history as a state begins near the middle of the 10th century. By the mid 16th century, the Polish Lithuanian Commonwealth… … The World Factbook
Below Full Employment Equilibrium — A macroeconomic term used to describe a situation where an economy s short run real gross domestic product (GDP) is currently lower than that same economy s long run potential real GDP. Under this scenario, there is a recessionary gap between the … Investment dictionary
