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 "sea" or "fishing" nearby, it probably is in the fish sense; if "bass" has the words "music" or "song" nearby, it is probably in the music sense." These rules can be automatically derived by the computer, using a training corpus of words tagged with their word senses. This approach, while theoretically not as powerful as deep approaches, gives superior results in practice, due to the computer's limited world knowledge. However, it can be confused by sentences like "The dogs bark at the tree" which contains the word "bark" near both "tree" and "dogs". There are four conventional approaches to WSD: