Examlex
Presidential guards, who are often well-equipped and well-paid guards from the same ethnic group or regions, are tasked with
Expansionary Gap
Occurs when an economy's actual output is higher than the potential output, often leading to higher inflation.
Active Approach
A management strategy where decisions are made using discretionary methods to try to outperform the market or a specific benchmark.
Potential GDP
Potential GDP is the maximum possible output an economy can produce with full employment of its resources, without causing inflation.
Actual GDP
The total market value of all goods and services produced within a country in a specific period, measuring the economy's real output without adjustment for inflation.
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