Tag: gross
Economic Growth Rate
DefinitionEconomic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally...
Debt to Income Ratio
DefinitionA debt income ratio is the percentage of a consumer's monthly gross income that goes toward paying debts. There are two main kinds of...
GDP Gap
DefinitionThe GDP gap or the output gap is the difference between actual GDP or actual output and potential GDP. The calculation for the output...
Gambling Income
What is gambling income and how is it taxed
Gambling income is defined as any money or prizes won from gambling activities, such as playing...
GDP Price Deflator
What is the 'GDP Price Deflator' GDP price deflator is an economic metric that accounts for inflation by converting output measured at...