Economics is a field that exists between scientific objectivity and ... The goal is to understand the workings of the economy without bringing in personal opinions or making moral judgments.

An economy’s output of goods and services is the sum of four components: consumption, investment, government purchases, and net exports (the difference between what a country sells to and buys from ..

The output gap is an economic measure of the difference between the actual output of an economy and its potential output ... and Ahmed Saber Mahmud is Associate Director in the Applied Economics ...