As you may have noticed, above you will find words for "An empirically observed relationship between unemployment and losses in a country's production. The "gap version" states that for every 1% increase in the unemployment rate, a country's GDP will be roughly an additional 2% lower than its potential GDP. The "difference version" describes the relationship between quarterly changes in unemployment and quarterly changes in real GDP.". Hover the mouse over the word you'd like to know more about to view its definition. Click to find a better fitting word. Finally, thanks to ChatGPT, the overall results have been greatly improved.