The GDP (gross domestic product) is not considered to be a good measure of economic well-being by many because it only measures the sales and income from economic purchases rather than looking at any moral implications. ... More » World View Social Sciences Economics

If you cannot measure an old chain to determine what length a new chain should be, focus on the largest size sprockets of your bike and work from there. Visiting a bicycle care website, such as, is a good p... More » Sports & Active Lifestyle Biking & Cycling Bicycles

Key areas to consider when evaluating an employee's performance include punctuality, quality of work, attitude, personal habits and client survey. Business organizations conduct a performance evaluation to ascertain the ... More »

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Real Gross Domestic Product is an inflation-adjusted measure of the value of economic output. Unlike GDP, real GDP is adjusted for price changes, which means it reflects the true growth of the economy. More » World View Social Sciences Economics

Full-employment gross domestic product refers to the output of an economy operating at its highest potential and with employment at an ideal level. It represents output in a situation in which an economy is not moving to... More » World View Social Sciences Economics

According to the BusinessDictionary website, double counting occurs when the costs of intermediate goods that are used for producing a final product are included in the GDP count. To avoid double counting, these intermed... More » World View Social Sciences Economics

The difference between the potential and actual gross domestic product (GDP) is known as the output gap, or GDP gap, according to the Economic Policy Institute. The potential GDP is a country's maximum, ideal production ... More » World View Social Sciences Economics