Topics
Actual output
Actual output refers to the current rather than potential level of production (real GDP) in an economy. When actual output is rising, the output gap is often declining and an economy is moving closer to their production possibility frontier by increasing the level of capacity utilisation. In other words, more factor resources are being employed such as labour and capital to produce the extra output.
See also
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Labour Markets | Classroom Posters / Handouts
Poster / Student Handout
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2.5.2 Output Gaps
Study Notes
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1.1.4 Production Possibility Frontiers (Edexcel)
Study Notes
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2.4.3 The Output Gap (Edexcel A-Level Economics Teaching PowerPoint)
Teaching PowerPoints
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Key Diagrams - The Output Gap
Topic Videos