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ECON-BUSINESS-EDUCATORS November 2001
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Subject:
Re: Output Gap
From:
david haynes <[log in to unmask]>
Reply-To:
For teachers and lecturers interested in curriculum issues affecting the te <[log in to unmask]>
Date:
Wed, 31 Oct 2001 19:48:18 -0800
Content-Type:
text/plain
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sites: http://www.bankofengland.co.uk/target2point5/outlook/assessing.htm http://www.hm-treasury.gov.uk/pub/html/docs/fpp/lesson/main.html http://www.cepr.org/pubs/eDPs/we_14_october.htm (Paper DP2999) http://www.hm-treasury.gov.uk/pub/html/panel/jun96/report.html ***** --- 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 > > > > > > > __________________________________________________ Do You Yahoo!? Make a great connection at Yahoo! Personals. http://personals.yahoo.com
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