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The difference (known as the Solow residual, after Robert Solow, the economist who pioneered this method) reflects the contribution of productivity to growth.
Even assuming that policy immediately prior to the crisis was too loose and that the crisis delivered a structural reduction in Britain's growth potential, the economy remains well below where it might reasonably have been expected to be at this point, in terms of the cash spent and earned in the economy.That shortfall reflects the contribution of weak demand to Britain's economic troubles.
"This award reflects the contribution Nick has made," said ECB national selector Geoff Miller.
The second term reflects the contribution of increase in input to output.
Selector Geoff Miller said: "This award reflects the contribution Monty's made to the Test team during the winter".
The ratio of the absolute enrichment of the product to that of its precursor reflects the contribution of the pathway.
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In modern times, planning reflects the contributions of committees and working groups, and even in ancient times the war council was a perennial resort of anxious commanders.
Then we're going to distribute the currency to the community through some reasonably fair way that reflects the contributions of community.
Coll-Seck says GMAP reflects the contributions of more than 250 people from 60 institutions over the past year.
This paper presents decomposition models for the change in carbon productivity, which is considered a key indicator that reflects the contributions to the control of greenhouse gases.
England selector Geoff Miller said: "This reflects the contributions Craig and Jade have made this season and we congratulate both players".
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