growth in output
111Portugal — /pawr cheuh geuhl, pohr /; Port. /pawrdd too gahl /, n. a republic in SW Europe, on the Iberian Peninsula, W of Spain. (Including the Azores and the Madeira Islands) 9,867,654; 35,414 sq. mi. (91,720 sq. km). Cap.: Lisbon. * * * Portugal… …
112nervous system, human — ▪ anatomy Introduction system that conducts stimuli from sensory receptors to the brain and spinal cord and that conducts impulses back to other parts of the body. As with other higher vertebrates, the human nervous system has two main… …
113Dual-sector model — This article is about the economic model. For the diagram representing atomic bonding, see Lewis structure. Sir W. Arthur Lewis Sir William Arthur Lewis, official Nobel Prize photo …
114World economy — Economy of the world During 2003 unless otherwise stated Population 7,000,000,000 (October 31, 2011)[1] GDP Currency: US$61.96 trillion, €55.8 trillion (2010 est.)[2] PPP …
115Okun's law — Graph of US quarterly data (not annualized) from 1947 through 2002 estimates a form of the difference version of Okun s law: %Change GNP = .856 1.827*(Change Unemployment Rate). R^2 of .504. Differences from other results are partly due to… …
116Deindustrialization — The Bethlehem Steel plant in the United States went bankrupt in 2001, and has since been converted into the Sands Casino …
117Australia — /aw strayl yeuh/, n. 1. a continent SE of Asia, between the Indian and the Pacific oceans. 18,438,824; 2,948,366 sq. mi. (7,636,270 sq. km). 2. Commonwealth of, a member of the Commonwealth of Nations, consisting of the federated states and… …
118economic stabilizer — Any of the institutions and practices in an economy that serve to reduce fluctuations in the business cycle through offsetting effects on the amounts of income available for spending (disposable income). The progressive income tax, unemployment… …
119Positive feedback — Alarm or panic can spread by positive feedback among a herd of animals to cause a stampede. Positive feedback is energy taken from the output of a system and reapplied to the input, which is phase congruent with the input signal. A system… …
120Capital accumulation — Most generally, the accumulation of capital refers simply to the gathering or amassment of objects of value; the increase in wealth; or the creation of wealth. Capital can be generally defined as assets invested with the expectation that their… …
