Likewise, simulation of a self-driving car may need to know the output and control characteristics of the engine, but not the details within the engine.

The output gap is an economic measure of the difference between the actual output of an economy and its potential output. Potential output is the maximum amount of goods and services an economy can ...

The output gap is an economic measure of the difference between the actual output of an economy and its potential output. Potential output is the maximum amount of goods and services an economy can ...