For example the median expected annual pay for a typical Paralegal I in the United States is $53,899 so 50% of the people who perform the job of Paralegal I in the United States are expected to make less than $53,899. Source: HR Reported data as of October 2015. 1  Salary.
A production possibility curve (PPC) shows the different combinationstyles of output of TWO goods that an economy can produce considering the factor of production and technology to be constant. The slope of a PPC gives the trade off/opportunity c...
Potential output is the maximum amount of goods and services an economy can turn out when it is most efficientâthat is, at full capacity. Often, potential output is referred to as the production capacity of the economy.Â­ Just as GDP can rise or fall, the output gap can go in two directions: positive and negative.Neither is ideal. A positive output gap occurs when actual output is more than full-capacity output.This happens when demand is very high and, to meet that demand, factories and workers operate far above their most efficient capacity.n this context, the output gap is a summary indicator of the relative demand and supply components of economic activity. As such, the output gap measures the degree of inflation pressure in the economy and is an important link between the real side of the economyâwhich produces goods and servicesâand inflation.