Fiscal gap Fiscal gap The fiscal gap is a measure of a government's total indebtedness proposed by economists Laurence Kotlikoff and Alan Auerbach, who define it as the difference between the present value of all of government's projected financial obligations, including future expenditures, including servicing outstanding official federal debt, and the present value of all projected future tax and other receipts, including income accruing from the government's current ownership of financial assets. According to Kotlikoff and Auerbach, the "fiscal gap" accounting method can be used to calculate the percentage of necessary tax increases or spending reductions needed to close the fiscal gap
Word-sense disambiguation the sequence every time they need to make a tagging judgement, rather than once for a block of instances for the same target word. To give a hint how all this works, consider three examples of the distinct senses that exist for the (written) word ""bass"": and the sentences: To people who understand English, the first sentence is using the word ""bass (fish)"", as in the former sense above and in the second sentence, the word ""bass (instrument)"" is being used as in the latter sense below. Developing algorithms to replicate this human ability can often be a difficult task,