How do we define the economy's output gap?
A)the difference between actual GDP and potential GDP
B)the level of total output that would be produced if capacity utilization is at its normal rate
C)the difference between actual national income and desired aggregate expenditure
D)the change in real GDP that results from economic growth
E)the difference between nominal GDP and real GDP

Question

Quizplus · Accepted Answer

The Answer is A

How Do We Define the Economy's Output Gap