A GDP gap denotes the amount of production that is irretrievably lost. The potential for higher production levels is wasted because there aren't enough jobs supplied.
Investment dictionary. Academic. 2012.
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GDP gap — The GDP gap or the output gap is the difference between potential GDP and actual GDP or actual output. The calculation for the output gap is Y Y* where Y is potential output and Y* is actual output or the natural level of output. If this… … Wikipedia
GAP (Protein) — GAP (eng: GTPase activating proteins) sind Proteine, die auf G Proteine derart einwirken, dass diese ihr gebundenes GTP unter Abspaltung eines Phosphat Restes zu GDP hydrolysieren. In den meisten Fällen wird dadurch das Zielprotein deaktiviert,… … Deutsch Wikipedia
Output gap — Potential (light) and actual (bold) GDP estimates from the Congressional Budget Office. The difference between the two represents the GDP gap … Wikipedia
Inflationary gap — An inflationary gap, in economics, is the amount by which the real Gross domestic product, or real GDP, exceeds potential GDP.cite journal last=Parkin first=Michael year= 2007 title=Economics, Level I CFA Program Curriculum volume=2… … Wikipedia
Inflationary Gap — A macroeconomic condition that describes the distance between the current level of real gross domestic product (GDP) and full employment (long run equilibrium) real GDP. The inflationary gap is so named because the relative increase in real GDP… … Investment dictionary
Output Gap — An economic measure of the difference between the actual output of an economy and the output it could achieve when it is most efficient, or at full capacity. There are two types of output gaps: positive and negative. A positive output gap occurs… … Investment dictionary
Okun Gap — A macroeconomic term that describes the situation when an economy s potential gross domestic product (GDP) differs from its actual gross domestic product. The gap can either be recessionary or inflationary, but will depend on the economy s… … Investment dictionary
Recessionary Gap — A term routed in macroeconomic theory that summarizes the situation where an economy is operating at below its full employment equilibrium. Under this condition, the level of real gross domestic product (GDP) is currently lower then it is at full … Investment dictionary
Recessionary gap — A recessionary gap, in economics, is the amount by which the aggregate expenditures schedule must shift upward to increase the real GDP to its full employment, noninflationary level. A recessionary gap can also be referred to as a deflationary… … Wikipedia
Production Gap — An economic analytical term denoting the degree of relative deviation of actual industrial production from its perceived potential production. The production gap is a measure of how short domestic industrial production is from its potential. This … Investment dictionary