Output gap
id:
output-gap-290-7099730
title:
Output gap
text:
The GDP gap or the output gap is the difference between actual GDP or actual output and potential GDP, in an attempt to identify the current economic position over the business cycle. The measure of output gap is largely used in macroeconomic policy. The GDP gap is a highly criticized notion, in particular due to the fact that the potential GDP is not an observable variable, it is instead often derived from past GDP data, which could lead to systemic downward biases.
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Output_gap
date created:
date modified:
2023-03-20T21:46:44Z
main entity:
{"identifier":"Q631916","url":"https://www.wikidata.org/entity/Q631916"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/0/0a/Actual_potential_GDP_output_gap_CBO_Jan_09_outlook.png","width":1103,"height":795}
fields total:
13
integrity:
14