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Study Notes

The Output Gap

AS, A Level, IB
AQA, Edexcel, OCR, IB, Eduqas, WJEC

The output gap is the difference between the actual level of GDP and its estimated potential level. It is usually expressed as a percentage of the level of potential output.

UK Economy Output Gap 2018 Update - Revision Video

Output Gap 2018 Update - Revision Video

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