That is, they are interested not only in whether GDP is going up or down, but also in whether it is above or below its potential. The output gap is an economic measure of the difference between the ...

This equation can be used to calculate what the output might be from a particular transformer, or to work out how to design a transformer to make a particular potential difference change ...

This equation can be used to calculate what the output might be from a particular transformer, or to work out how to design a transformer to make a particular potential difference (pd) change ...

That is, they are interested not only in whether GDP is going up or down, but also in whether it is above or below its potential.­ The output gap is an economic measure of the difference between the ...