Tag: output
Wassily Leontief
DefinitionWassily Wassilyevich Leontief, was a Russian-American economist known for his research on input-output analysis and how changes in one economic sector may affect other...
Wage-Price Spiral
What is 'Wage-Price Spiral' The wage-price spiral is a macroeconomic theory used to explain the cause-and-effect relationship between rising wages and rising...
Gap Amount
What is 'Gap Amount' Insurance will only cover a certain amount of coverage if leased items are stolen or totaled. There is...
Dayrate Volatility
What is 'Dayrate Volatility' The intraday unpredictability of an exchange rate (or price of a good or service), that changes due to...
Gross Domestic Product
DefinitionGross domestic product is a monetary measure of the market value of all the final goods and services produced in a specific time period.GDP...
Absorbed
What is 'Absorbed' 1. In a general business sense, when a cost is treated as an expense instead of being passed on...
Law of Diminishing Marginal Returns
DefinitionIn economics, diminishing returns is the decrease in the marginal output of a production process as the amount of a single factor of production...
Gap Trading
What is a 'Gap'
A gap is a break between prices on a chart that occurs when the price of a stock makes a sharp...
Above Full-Employment Equilibrium
What is 'Above Full-Employment Equilibrium' A macroeconomic term used to describe the real gross domestic product (GDP) is currently in excess of...
Okun Gap
DefinitionIn economics, Okun's law is an empirically observed relationship between unemployment and losses in a country's production. The "gap version" states that for every...