Definitions for output gap
out·put gap

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1. Output gap

   The GDP gap or the output gap is the difference between actual GDP or actual output and potential GDP. The calculation for the output gap is Y–Y* where Y is actual output and Y* is potential output. If this calculation yields a positive number it is called an inflationary gap and indicates the growth of aggregate demand is outpacing the growth of aggregate supply—possibly creating inflation; if the calculation yields a negative number it is called a recessionary gap—possibly signifying deflation.The percentage GDP gap is the actual GDP minus the potential GDP divided by the potential GDP. ( G D P a c t u a l − G D P p o t e n t i a l ) G D P p o t e n t i a l {\displaystyle {(GDP_{actual}-GDP_{potential})} \over {GDP_{potential}}} . February 2013 data from the Congressional Budget Office showed that the United States had a projected output gap for 2013 of roughly $1 trillion, or nearly 6% of potential GDP.

How to pronounce output gap?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

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   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

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   Fred

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   South African

How to say output gap in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of output gap in Chaldean Numerology is: 2

2. Pythagorean Numerology

   The numerical value of output gap in Pythagorean Numerology is: 2

Examples of output gap in a Sentence

1. Kalpana Kochhar:

   The BOJ basically looks at inflation expectations and the output gap. Even if we were to lower our forecast, we see the output gap closing, as long as there's not a very sharp decline in either, one could say (the BOJ is) on the right path.

2. The SNB:

   We're convinced that given the difficult situation with an overvalued Swiss franc, a negative output gap, and negative inflation, the current approach is the right one - expansion in monetary policy with negative rates and willingness to intervene.

3. The IMF:

   The output gap could close more abruptly, through a policy-induced recession, with negative spillovers for the global economy.

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Output_Gap