Economics A-Level
Output gap
What Output gap means in Economics A-Level, as defined for AQA.
Definition of Output gap
Check what you remember
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Reference: AQA
The difference between an economy's actual real GDP and its estimated productive potential.
Topics that use Output gap
- Economic growth and the economic cycle (AQA A-Level)
Related terms
- Aggregate demand
- Aggregate supply
- Asset price bubbles
- Economic fluctuations
- Externalities
- Inequality
- Inflationary pressures
- Long-run economic growth
Using Output gap in the exam
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