Unit 2: What is the output gap?

Nice clip from the BBC

http://www.bbc.co.uk/news/uk-politics-26629587#

Unit 2: The output gap

Thanks to tutor2u for posting this link to the Washington post; a great graphic to explain the output gap

http://www.washingtonpost.com/wp-srv/business/the-output-gap/index.html

nit 2: The UK ouput gap

A good article from tutor2u summarising the issue

http://www.tutor2u.net/blog/index.php/economics/comments/qa-what-do-we-need-to-know-about-output-gaps/

Unit 2: Revision: Potential output, actual output and the output gap

A useful revision post from economics student

http://rapidrevision.co.uk/economics-student/2009/06/02/how-can-actual-gdp-be-above-productive-potential-explaining-positive-output-gaps/

Unit 2: Revision: Trend growth and the output gap

A nice revision summary from tutor2u on trend growth

http://www.tutor2u.net/blog/index.php/economics/comments/revision-trend-growth/

....and the output gap

http://www.tutor2u.net/blog/index.php/economics/comments/revision-the-output-gap/#extended