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<strong>GP</strong> Guarantee and Print, a type of application process flow within the FFEL Program and outlined in CommonLine file specifications. In a GP process flow, the school submits loan application information to the guarantor for guarantee. After the loan is guaranteed, either a paper MPN is mailed to the borrower for completion or the application is made available online for the borrower to complete and sign.
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supplier-induced demand (DO)<br />Demand for a good or service determined by the producer because of the consumer's ignorance of the need for it. The best example is medical services where consumers lack the knowledge required to diagnose a condition and prescribe a treatment.
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labour force participation rate (J2)<br />The proportion of the population or a section of the population belonging to the labour force. If a country has 20 million women aged 25 to 44 years of whom 15 million are in the labour force, the labour force participation rate for those women is 75 per cent. In many advanced countries, most of labour force growth is attributable to changes in labour force participation rates.<br /> Labour force participation has been studied as a product of the decision making of a household and regarded as being determined by wages, unemployment, education and attitudes to work. In the twentieth century, the most noticeable change in labour force participation in industrialized countries has been the increasing participation by married women. This has occurred because a reduction in ######UAL DISCRIMINATION has opened higher education and most occupations to women, and the reduction in the birth rate, changing attitudes to women's abilities and the rise in real wages have increased the OPPORTUNITY COST of not working. There has been a slight decline in male labour force participation. In the UK, labour force participation rates are usually referred to as 'activity rates'.<br /><em>See also:</em> additional worker hypothesis; discouraged worker hypothesis <br /><em>Reference</em><br />Bowen, WG. and Finegan, TA. (1969) The Economics of Labor Force Participation, Princeton, NJ: Princeton University Press.
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