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dollar gap
noun
- the difference, measured in U.S. dollars, between the earnings of a foreign country through sales and investments in the U.S. and the payments made by that country to the U.S.
Word History and Origins
Origin of dollar gap1
Example Sentences
“To close a $1 billion dollar gap would mean laying off 22,000 city employees, which is a staggering number.”
The largest dollar gap—more than $500,000—not surprisingly is in the super-expensive California market of Los Angeles, with San Francisco close behind.
"We face a multi-billion dollar gap in federal funding, and the state needs to be responsible enough to plan for a substantial loss of federal dollars," Republican state Senator Jeff Stone said in a statement on Tuesday.
The state, he added, “has to come up with some bigger solutions — a $15 billion dollar gap is too much to ignore.”
The Pew Center on the States, using the states’ own actuarial data, estimates that there is a $1.38 trillion dollar gap between what governments have set aside to pay for public employees’ pensions and retiree health care costs and their actual obligations.
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