Answer to Question #309004 in Microeconomics for Kinza Tariq

Question #309004

8. Explain the concept of potential output. Why is potential output difficult to measure?

1
Expert's answer
2022-03-13T18:55:54-0400

Potential output is the highest possible of level of real gross domestic product.

Potential output shows levels that could be achieved hence no easy to measure.


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