The real output rate is measuredas nominal GDP divided by the country-specific domestic consumer price index (CPI),whereas the GDP gap is measured as the difference between the logarithmic of the realoutput rate and the potential output rate.
The real output rate is measuredas nominal GDP divided by the country-specific domestic consumer price index (CPI),whereas the GDP gap is measured as the difference between the logarithmic of the realoutput rate and the potential output rate.