A Global Vision
    Markets / Finance Topics

    Output gap


    The difference between the actual and potential levels of output of an economy, expressed as a percentage of potential output. Potential output is the level of output that can be achieved when the factors of production are utilised at non-inflationary levels. (European Central Bank)




    YOU MAY ALSO LIKE

    The branch of social science that deals with the production and distribution and consumption of goods and services and their management. …
    If you own or manage a business, you can create a web page for free on Titi Tudorancea Business Info. »

    © 1991-2024 Titi Tudorancea Business Info | Titi Tudorancea® is a Registered Trademark | Terms of use and privacy policy
    Contact