GDP Gap

The forfeited output of a country's economy resulting from the failure to create sufficient jobs for all those willing to work.

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. . 2012.

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  • 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

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