You hear occasionally that the stimulus package is meant to close the GDP gap — the gap between what we will produce and what we could be producing — but what that means and how big it is in ...

During economic downturns an economy’s output of goods and services declines. When times are good, by contrast, that output—usually measured as GDP—increases (see “Gross Domestic Product: An Economy’s ...

Christina Majaski writes and edits finance, credit cards, and travel content. She has 14+ years of experience with print and digital publications. Vikki Velasquez is a researcher and writer who has ...

During economic downturns an economy’s output of goods and services declines. When times are good, by contrast, that output—usually measured as GDP—increases (see “Gross Domestic Product: An Economy’s ...

In April 2018, Congressional Budget Office issued a report on the state of the federal budget in light of the "Tax Cuts and Jobs Act" enacted in December 2017, the "Bipartisan Budget Act" enacted in ...

The output gap measures how far the economy is from its full employment or “potential” level that depends on supply-side factors of the economy: the supply of workers and their productivity. During a ...