Output gap explained

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

Output gaps

The output gap is the difference between the actual level of national output and its potential level and is usually expressed as a percentage of the level of potential output. In this revision article we link the output gap to aspects of macroeconomic performance.

http://www.tutor2u.net/blog/index.php/economics/comments/revision-linking-output-gap-to-other-macro-issues/