--- Geoff Riley <[log in to unmask]> wrote:
> The output gap is the difference between actual GDP
> and potential GDP
> (where potential GDP is the volume of national
> output that the economy
> would have reached if growth followed a linear
> trend). The gap (actual
> GDP - potential GDP) is then divided by potential
> gdp to give a measure
> of the scale of the gap
>
>
>
>
>
>
>
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