Potential GDP is an estimate of the economys ability to produce-09028
Potential GDP is an estimate of the economys ability to produce goods and services if:
This multiple choice question (MCQ) is related to the book/course vu eco401 Economics. It can also be found in vu eco401 Mid Term - Quiz No.8.
Potential GDP is an estimate of the economys ability to produce goods and services if:
Labor force is fully employed.
Price level is stable.
Trade balance is zero.
Federal budget is balanced.