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Emp ratio The ratio between the total number of employed and the population aged 15–59.

This differs from the employment rate, which (in the denominator) only considers the labour force. A price index (plural: “price indices” or “price indexes”) is a normalized average (typically a weighted average) of prices for a given class of goods or services in a given region, during a given interval of time. ... Net Exports The balance of trade (or net exports, sometimes symbolized as NX) is the difference between the monetary value of exports and imports of output in an economy over a certain period. It is the relationship between a nation's imports and exports. Public Finance Collection of taxes from those who benefit from the provision of public goods by the government, and the use of those tax funds toward production and distribution of the public goods Budget Deficit Theamountby which agovernment,company, or individual's spendingexceedsitsincomeover a particularperiodof time.also calleddeficitordeficit spending. opposite ofbudget surplus. Budget Surplus Theamountby which agovernment's,company's, orindividual'sincomeexceedsits spending over a particularperiodof time. Generally, a government does notneedtomaintainabudgetsurplus. Deficit Financing: Deficit spending is the amount by which a government, private company, or individual's spending exceeds income over a particular period of time, also called simply "deficit," or "budget deficit," the opposite of budget surplus. Potential output
potential output (also referred to as "natural gross domestic product") refers to the highest level of real Gross Domestic Product output that can be sustained over the long term. The existence of a limit is due to natural and institutional constraints. If actual GDP rises and stays above potential output, then (in the absence of wage and price controls) inflation tends to increase asdemand exceeds supply. This is because of the limited supply of workers and their time, capital equipment, and natural resources, along with the limits of our technology and our management skills.

Output Gap The difference between the actual output (such as GDP) of an economy and the output that the economy would be at under full capacity or maximum efficiency (the potential output). A negative output gap, in which actual production is lower than efficient production, indicates that resources are not properly allocated. A positive output gap indicates that GDP is higher than what can be supported by existing labor andcapital resources, and is a leading indicator of inflation.
Inflationary gap: A macroeconomic condition that describes the distance between the current level of real gross domestic product (GDP) and full employment (long run equilibrium) real GDP. Deflationary Gap:

The GDP gap or the output gap is the difference between potential GDP and actual GDP or actual output. The calculation for the output gap is Y–Y* where Y is actual output and Y* is potential output.\

which was announced by the Commerce & Industry Minister on 31 st August. and formulate plans. So a budget may be thought of as an action plan. Exim policy: Export and Import (Exim) Policy. It is generally equal to a nation's income minus consumption and government purchases.National Savings: a country's national savings is the sum of private and public savings. in an effort to affect its own economy. . got incorporated into the comprehensive Foreign Trade Policy. evaluate performance. 2004 . Budget: A Budget is a plan that outlines an organization's financial and operational goals. beyond the basic regulation of fraud and enforcement of contracts. Economic planning: Economic planning is an action taken by a government in a market economy or marketoriented mixed economy. planning a budget helps a business allocate resources.