Answer to Question #113815 in Macroeconomics for Akua Adutwumwaa

Question

Will the ceiling to output be in any way affected by the short run rate of growth of GDP. If so, how

Answer 1

Yes the ceiling of output is affected by the short run rate of growth of the GDP.The growth of GDP specify the limit of output in an economy. and Therefore the ceiling on dictates upto what point the output can go.