| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 1,780,444,375 visitors served. |
|
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
Output Gap |
Also found in: Encyclopedia, Wikipedia | 0.05 sec. |
|
Output Gap The difference between an economy's GDP and its potential GDP. That is, the output gap measures GDP against what the GDP ought to be if the economy were using its resources efficiently. A positive output gap occurs when the GDP exceeds the efficient GDP, usually through the over-utilization of resources, while a negative output gap occurs when the GDP undershoots the potential GDP. Most analysts believe that a positive output gap leads to inflation. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
|
| ? Mentioned in | ? References in periodicals archive | |
|---|---|---|
| We do not need to know the GDP gap, the unemployment gap, or the neutral real interest rate, to keep the price level near constancy. This variable was, in fact, seen to be more significant than some conventional explanatory variables like the GDP gap or its proxy. Queensland has consistently recorded stronger annual economic growth than Australia as a whole and has narrowed its historical GDP gap with the rest of the country, with some sectors being particularly dynamic. |
| Financial Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|