growth in output
1output — noun ADJECTIVE ▪ high, large, massive ▪ greater, increased ▪ steady ▪ low ▪ …
2growth — noun 1 increase in sth ADJECTIVE ▪ considerable, exponential, significant, strong ▪ the exponential growth in world population ▪ high ▪ …
3Output (economics) — Output in economics is the quantity of goods or services produced in a given time period, by a firm, industry, or country, [1] whether consumed or used for further production.[2] The concept of national output is absolutely essential in the field …
4Output gap — Potential (light) and actual (bold) GDP estimates from the Congressional Budget Office. The difference between the two represents the GDP gap …
5growth recession — n. A form of recession in which economic output continues to grow, but at a much slower pace than normal. Example Citation: Defining a recession used to be easy. It was broadly defined as two or more consecutive quarters of falling economic… …
6Exogenous growth model — The Exogenous growth model, also known as the Neo classical growth model or Solow growth model is a term used to sum up the contributions of various authors to a model of long run economic growth within the framework of neoclassical… …
7economic growth — Process by which a nation s wealth increases over time. The most widely used measure of economic growth is the real rate of growth in a country s total output of goods and services (gauged by the gross domestic product adjusted for inflation, or… …
8Kaldor's growth laws — Looking at the countries of the world now and through time we can see a high correlation between living standards and the share of resources devoted to industrial activity, at least up to some level of income. Only New Zealand, Australia and… …
9Classical theory of growth and stagnation — Classical economics refers to work done by a group of economists in the eighteenth and nineteenth centuries. The theories developed mainly focused on the way market economies functioned. Classical Economics study mainly concentrates on the… …
10Neoclassical growth model — See also: Ramsey growth model The neoclassical growth model, also known as the Solow–Swan growth model or exogenous growth model, is a class of economic models of long run economic growth set within the framework of neoclassical economics.… …
