He said the strike had cost Ford 24,000 cars in lost output and $235 million in lost revenue.

He stressed that there would be a natural "arithmetic" bounce-back in the third quarter as growth normalised, even if none of the lost output is regained.

Mr. Park says the strike cost Motorola about $2 million in lost output and damaged property.

Several studies reckon that sitting in traffic jams costs Angelenos around $9 billion a year in lost output.

Conservative-led governments define economic crises as caused by excessive government spending rather than lost output and low growth.

The problem is that no active refiners are in a position to increase their production to make up for the lost output from storm-damaged refineries.

Another billion cubic feet of lost output has been restored.

Worldwide supplies are also tighter because of lost output from Kuwait.

We all pay the price, not only in lost output and potential tax revenues.

The social cost is measured by the cumulative difference between the value that consumers place on the lost output and its marginal production cost.