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## Balance of trade formula

Balance of trade The balance of trade (B.O.T) is defined as the value of exports minus the value of imports.…

## Consumer part of dead weight loss, Producer part of dead weight loss and total dead weight loss

This post will cover dead weight loss. In particular, what is the burden on consumers and producers. The following supply-and-demand…

## Deadweight loss monopoly

Deadweight loss Deadweight loss is the lost welfare because of a market failure or intervention. In this case, it is…

## Potential GDP formula and output gap

Potential GDP Potential GDP formula Potential GDP - Example Output gap Examples Potential GDP Potential GDP is how much a…

## Jack-knife resampling

Jackknife resampling is a statistical technique whereby you calculate an estimate of a statistic from a sample leaving out one data…