Economics (AS & A Level) · Oct / Nov 2021 · Paper 33 · Question 18
9708Economic growth and sustainability
What does an output gap show?
- Athe difference between actual output and long-run potential output
- Bthe difference between actual output and output when labour is fully employed
- Cthe difference between the maximum output in a boom and the minimum output in a recession
- Dthe difference between the minimum output in a boom and the maximum output in a recession
As printed in the paper
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Correct answer: A. the difference between actual output and long-run potential output
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