Examlex
The standard Big Bang theory successfully predicts that the fraction of helium by mass in the primordial universe was 2 percent, similar to what it is in the Sun.
Expansionary Gap
A condition where an economy's real GDP exceeds its potential GDP, leading to inflationary pressures.
Recessionary Gap
A situation where the real Gross Domestic Product (GDP) is lower than the potential GDP, indicating an economy operating below its full capacity.
Potential Output
The highest level of output of products and services an economy can achieve when all its resources are employed optimally.
Expansionary Gap
A situation where the actual output of an economy exceeds the potential output, typically indicating inflationary pressures.
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