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  2. Potentiality and actuality - Wikipedia

    en.wikipedia.org/wiki/Potentiality_and_actuality

    The Thomistic blend of actuality and potentiality has the characteristic that, to the extent that it is actual it is not potential and to the extent that it is potential it is not actual; the hotter the water is, the less is it potentially hot, and the cooler it is, the less is it actually, the more potentially, hot.

  3. Potential output - Wikipedia

    en.wikipedia.org/wiki/Potential_output

    The difference between potential output and actual output is referred to as output gap or GDP gap; it may closely track lags in industrial capacity utilization. [ 4 ] Potential output has also been studied in relation Okun's law as to percentage changes in output associated with changes in the output gap and over time [ 5 ] and in decomposition ...

  4. Real prices and ideal prices - Wikipedia

    en.wikipedia.org/wiki/Real_prices_and_ideal_prices

    The difference is between actual prices paid, and information about possible, potential or likely prices, or "average" price levels. [2] This distinction should not be confused with the difference between "nominal prices" (current-value) and "real prices" (adjusted for price inflation, and/or tax and/or ancillary charges). [3]

  5. Output gap - Wikipedia

    en.wikipedia.org/wiki/Output_gap

    The difference between the two represents the GDP gap. [2] IMF estimates of the 2009 output gaps as % of GDP by country. The GDP gap or the output gap is the difference between actual GDP or actual output and potential GDP, in an attempt to identify the current economic position over the business cycle.

  6. Resource - Wikipedia

    en.wikipedia.org/wiki/Resource

    Actual vs. potential natural resources are distinguished as follows: Actual resources are those resources whose location and quantity are known and we have the technology to exploit and use them. Potential resources are those of which we have insufficient knowledge or do not have the technology to exploit them at present.

  7. Potential evapotranspiration - Wikipedia

    en.wikipedia.org/wiki/Potential_evapotranspiration

    In agriculture, this is called a crop coefficient. The difference between potential evapotranspiration and actual precipitation is used in irrigation scheduling. Average annual potential evapotranspiration is often compared to average annual precipitation, the symbol for which is P. The ratio of the two, P/PET, is the aridity index.

  8. Potential temperature - Wikipedia

    en.wikipedia.org/wiki/Potential_temperature

    The concept of potential temperature applies to any stratified fluid. It is most frequently used in the atmospheric sciences and oceanography. [2] The reason that it is used in both fields is that changes in pressure can result in warmer fluid residing under colder fluid – examples being dropping air temperature with altitude and increasing water temperature with depth in very deep ocean ...

  9. Actual infinity - Wikipedia

    en.wikipedia.org/wiki/Actual_infinity

    Actual infinity is to be contrasted with potential infinity, in which an endless process (such as "add 1 to the previous number") produces a sequence with no last element, and where each individual result is finite and is achieved in a finite number of steps.