When the economy is at full employment, real GDP
equals potential GDP and there is no output gap.
Output gap equals real GDP minus potential GDP,
expressed as a percentage of potential GDP.
• When the unemployment rate is above the natural
rate, real GDP is below potential GDP and the output
gap is negative.
• When the unemployment rate is below the natural
unemployment rate, real GDP is above potential GDP
and the output gap is positive.
Let our team of professional writers take care of your essay for you! We provide quality and plagiarism free academic papers written from scratch. Sit back, relax, and leave the writing to us! Meet some of our best research paper writing experts. We obey strict privacy policies to secure every byte of information between you and us.
WE WRITE ESSAYS FOR STUDENTS
Tell us about your paper and we will find the best writer for your essay.
Write My Essay For MeORDER ORIGINAL ANSWERS WRITTEN FROM SCRATCH