A digital model is employed in simulations and as a digital twin, but those two methods differ in how they’re used, especially when it comes to the level of detail required.

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 ...