This expansion in growth was mainly attributed to the recovery of agricultural output from the effects of the 2001 drought.

Parallel to its aim with regard to radio, the Division of Information is planning a considerable expansion of its television output.

Besides, measurable expansion of output has remained far out of reach for numerous developing countries and a significant proportion of that population.

In short, they fear that, with no expansion of output or employment, the net effect will simply be an increase in poverty.

Graphically, the expansion of output beyond the natural limit can be seen as a shift of production volume above the optimum quantity on the average cost curve.

This will raise actual output to the level of potential output, thereby closing the output gap.

Of course, these fears are accompanied by the hope that structural reforms and monetary expansion work in harmony, boosting employment and output without raising inflation by much.

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So what explains the sharp decline in China s economic output, in an environment of rapid credit expansion? The answer is simple the way the credit is being used.

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Services like education, banking, accounting, and insurance account for an ever larger share of global output (now roughly two thirds), and further expansion requires significant changes in existing agreements.

European Expansion or Putin Expansion?

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