| 释义 |
output gap
output gap[′au̇t‚pu̇t ‚gap] (electronics) An interaction gap by means of which usable power can be abstracted from an electron stream in a microwave tube. output gap
Output GapThe difference between an economy's GDP and its potential GDP. That is, the output gap measures GDP against what the GDP ought to be if the economy were using its resources efficiently. A positive output gap occurs when the GDP exceeds the efficient GDP, usually through the over-utilization of resources, while a negative output gap occurs when the GDP undershoots the potential GDP. Most analysts believe that a positive output gap leads to inflation.output gap see DEFLATIONARY GAP. |