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Actual output and potential output

Actual output and potential output

Potential output is the sustainable level of real GDP the economy can produce when its resources are normally employed. The long-term trend rate of growth is the average rate at which this productive capacity rises over time.

2.5.2 Output gaps Lesson

  1. A Level
  2. /Economics
  3. /2.5.2 Output gaps

Step-by-step lessons on Edexcel A A Level Economics 2.5.2 Output gaps. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.

Lessons