The output gap is the difference between actual economic output and the most an economy can sustainably produce, given the amounts of capital, technology and labour available. The OECD forecasts that ...
(a) Name: Intensity of Energy Use in Manufacturing. (b) Brief Definition: Energy consumption per unit of manufacturing output. (c) Unit of Measurement: Megajoules (mJ) per unit output of the ...
The output gap measures how far away an economy is from its full potential, a sweet spot defined as the level of output consistent with stable inflation and full employment. Countries with positive ...
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