Examlex
Because data in databases are constantly in use or undergoing changes, data must be extracted, transformed and loaded into a data warehouse prior to use in complex decision making or problem solving tasks.
Recessionary Gap
The difference between the actual output of an economy and its potential output, occurring when the economy is underperforming.
Expansionary Gap
A situation where the actual output in an economy exceeds the potential output, often leading to inflation.
Cost-Push Inflation
Cost-push inflation is caused by an increase in the prices of production inputs like labour and raw materials, leading to decreased supply and increased cost of finished goods.
Potential Output
This refers to the maximum output an economy can produce without leading to inflation, assuming all resources are fully utilized.
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