Differentiate between actual and potential output, Macroeconomics

Assignment Help:

Differentiate between Actual and Potential output. 

Actual output is that level which economy in fact produces. In contrast, potential output is the aggregate capacity output of a nation; the maximum amount of goods and services that can be produced with available resources and a given state of technology. 

 


Related Discussions:- Differentiate between actual and potential output

United states postal service, The United States postal service report 95% o...

The United States postal service report 95% of first class mail within the same city is delivered within two days of the time of mailing. Six letters are randomly sent to different

Growth, I used to think that economic growth ( more production) was only po...

I used to think that economic growth ( more production) was only possible / able to occur because banks lent out more than they had (fractional reserve credit banking). Apparently

Effect of a wage increase, Describe the differences between the substitutio...

Describe the differences between the substitution effect of a wage increase and the income effect of a wage increase.

Investments has a larger future value, Which of the following investments h...

Which of the following investments has a larger future value: Investment A an $1,000 investment earning 5% per year for 6 years? Or Investment B a %500 investment earning 10% per y

Debt , What is debt swept?

What is debt swept?

How do countries grow economic growth, How do countries grow Economic growt...

How do countries grow Economic growth? Economic growth is attaining by increasing: • Quantity of resources by investment • Quality of resources by training as well as R

COMPLETE KEYNESTION MODEL, WHAT IS THE SHAPE OF AGGREGATE SUPPLY CURVE IN C...

WHAT IS THE SHAPE OF AGGREGATE SUPPLY CURVE IN COMPLETE KEYNESIAN MODEL

Equilibrium quantity price and quantity, Over the past few years there has ...

Over the past few years there has been much concern about falling housing prices, and some policy makers have argued that the government should put a floor under prices so that the

Online homework, I want you to do online homework about The Influence of M...

I want you to do online homework about The Influence of Monetary and Fiscal Policy on Aggregate Demand All the questions around 10

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd