The difference between a country's actual output and the output that it would reach at full employment.
Related information about GNP gap:
- What is GNP gap? definition and meaning
Definition of GNP gap: The difference between a country's actual output and the output that it would reach at full employment.
- Unemployment and the GNP Gap: Okun's Law Revisited - JStor
and the GNP gap have changed in the long run and that it is "not ... An examination of previous studies reveals that the effect of a change in the GNP gap on the ...
- Unemployment and the GNP Gap: Okun's Law Revisited
Downloadable! This paper reexamines Okun's law by applying the Box-Cox transformation of variables. Major findings are that the effect of a change in the GNP ...
- EconPapers: Unemployment and the GNP Gap: Okun's Law Revisited
Oct 27, 2012 ... By Yu Hsing; Abstract: This paper reexamines Okun's law by applying the Box- Cox transformation of variables. Major findings are that the.
- Annual GDP and GNP - few lessons to be learned - True Economics
Mar 27, 2011 ... These outflows represent the GDP/GNP gap that has expanded from 15.17% local minimum in 2006 to 21.67% today. Now, let's take a look at ...
- The global output gap - Bank for International Settlements
actual GNP from potential income, the “GNP gap”. Okun emphasised that this potential was not the maximum output an economy could achieve but, rather, ...
- INTRODUCTION - College of the Holy Cross
between the GNP gap and the unemployment rate. According to Olrun [19'/'0, p. 137], the unemployment rate would decline by 0.3 percentage points if real ...
- Macroeconomics BUSINESS CYCLE
The main economic cost is lost income and output which is measured in terms of the GNP gap. Okun's law is used to determine the GNP gap by using the ...