Economics B A-Level
Output gaps
What Output gaps means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Output gaps
Check what you remember
Read the wording for your board, then hide it and explain Output gaps in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Positive or negative gaps created when actual growth is above or below the long-term trend line.
Topics that use Output gaps
- The economic cycle (Pearson Edexcel A-Level)
Related terms
- Boom
- Demand-pull inflation
- Economic cycle
- Inflationary pressures
- Unemployment
- Government borrowing
- Recession
Using Output gaps in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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