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Financial Terms | |
Output Gap |
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Definition of Output GapOutput GapThe difference between full employment output and current output.
Related Terms:Full-Employment OutputThe level of output produced by the economy when operating at the natural rate of unemployment. input-output coefficienta number (prefaced as a multiplier Input-output tablesTables that indicate how much each industry requires of the production of each other National OutputGDP. Potential Output or Potential GDPoutput produced when the economy is operating at its natural rate of unemployment. SIMEX (Singapore International Monetary Exchange)A leading futures and options exchange in Singapore. Beta coefficientA measurement of the extent to which the returns on a given stock move with stock market. ![]() coefficient of correlationa measure of dispersion that indicates the degree of relative association existing between two variables Coefficient of determinationA measure of the goodness of fit of the relationship between the dependent and coefficient of determinationa measure of dispersion that coefficient of variationa measure of risk used when the standard deviations for multiple projects are approximately Correlation coefficientA standardized statistical measure of the dependence of two random variables, Correlation CoefficientA measure of the tendency of two variables to change values Correlation coefficientA statistic in which the covariance is scaled to a Cyclical UnemploymentUnemployment that increases when the economy enters a recession and decreases when the economy enters a boom. Federal Unemployment Tax Act (FUTA)A federal Act requiring employers to pay a tax on the wages paid to their employees, which is then used to create a ![]() Frictional UnemploymentUnemployment associated with people changing jobs or quitting to search for new jobs. Full costThe cost of a product/service that includes an allocation of all the (production and Full-Cost MethodA method of accounting for petroleum exploration and development expenditures full costingsee absorption costing Full coupon bondA bond with a coupon equal to the going market rate, thereby, the bond is selling at par. Full Credit PeriodThe period of trade credit given by a supplier to its customer. Full EmploymentThe level of employment corresponding to the natural rate of unemployment. Full faith-and-credit obligationsThe security pledges for larger municipal bond issuers, such as states and Full-payout leaseSee: financial lease. Full priceAlso called dirty price, the price of a bond including accrued interest. Related: flat price. Full-service leaseAlso called rental lease. Lease in which the lessor promises to maintain and insure the ![]() Fully diluted earnings per sharesEarnings per share expressed as if all outstanding convertible securities Fully modified pass-throughsAgency pass-throughs that guarantee the timely payment of both interest and Information Coefficient (IC)The correlation between predicted and actual stock returns, sometimes used to Input-output tablesTables that indicate how much each industry requires of the production of each other Institutionally Induced UnemploymentUnemployment due to institutional phenomena such as the degree of labor force unionization, the level of discrimination, and government policies such as unemployment insurance programs, minimum wages, or regulations on business. Natural Rate of Unemployment (NRU)The level of unemployment characterizing the economy in long-run equilibrium, determined by the levels of frictional, structural, and institutionally induced unemployment. At this rate of unemployment, inflation should be constant, so it is sometimes called the nonaccelerating inflation rate of unemployment, or NAIRU. Self-Employment Contributions Act (SECA)A federal Act requiring self-employed business owners to pay the same total tax rates for Social Security and Structural UnemploymentUnemployment due to a mismatch between the skills or location of labor and the skills or location required by firms. Unemployment InsuranceA program in which workers and firms pay contributions and workers collect benefits if they become unemployed. Unemployment rateThe ratio of the number of people classified as unemployed to the total labor force. Unemployment rateFraction of the labor force that is not employed. Uniformed Services Employment and Reemployment Rights Act of 1994A federal act that minimizes the impact on people serving in the Armed Forces Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |