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What Is Output Gap?

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    Output Gap is basically an economic measure. It is the difference between the actual output of a country and the output that is achievable given the most efficient working of the economy of that country.

    The output gap can be negative or positive. Negative output occurs when the actual output is less than the full capacity output. And Positive Output gap occurs when the actual output is more than the full capacity output.
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    Lily_j  

    answered 11 months ago

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