AQA A Level · 7136 · Paper 2: The national and international economy
4.2.3.1 Growth and the Economic Cycle: Part 2: Output Gaps
Also AQA AS 7135: 3.2.3.1
Everything you need for questions on output gaps, in the words examiners reward. An interactive seven-step lesson goes with it.
What's on this sheet
- What an output gap is
- Negative and positive gaps
- Calculating it
- Gaps on AD/AS
- Why it is hard to measure
- A classic chain
- Classic question: is a positive output gap a bad thing?
- Side 2: practice tasks, where the marks go, and exam-style questions
- Separate answer key
The lesson in seven steps
- Twenty years of an economy
- The output gap dashboard
- The output gap trainer
- Same data, different gaps
- Does the output gap matter, and can we trust it?
- Build the chain
- Exam practice
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