bronchiole definition : bronchiole The bronchioles or bronchioli are the passageways by which air passes through the nose or mouth to the alveoli (air sacs) of the lungs, in which branches no longer contain cartilage or glands in their submucosa.
The Economic Performance Index (EPI) is a macro-indicator that examines the overall performance of a countryâs economy and reports any deviation from the desired level of economic performance. Similar to the construction of GDP, which measures the overall output of an economy, the EPI reflects the active in the economyâs three main sectors: households, firms, and government. The EPI comprises variables that
The measure compares the actual GDP (output) of an economy and the potential GDP (efficient output). When the economy is running an output gap, either positive or negative, it is thought to be running at an inefficient rate as the economy is either overworking or underworking its resources.Economic theory suggests that positive output gap will lead to inflation as production and labor costs rise. RELATED TERMS.hen the economy is running an output gap, either positive or negative, it is thought to be running at an inefficient rate as the economy is either overworking or underworking its resources. Economic theory suggests that positive output gap will lead to inflation as production and labor costs rise. RELATED TERMS.