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________ is the definition used to describe the maximum quantity an economy can produce, in the context of its existing inputs, market and legal institutions.
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33 votes
________ is the definition used to describe the maximum quantity an economy can produce, in the context of its existing inputs, market and legal institutions.

User Domenik Reitzner
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1 Answer

23 votes
23 votes

Answer:

potential GDP

Step-by-step explanation:

is the maximum quantity that an economy can produce given full employment of its existing levels of labor, physical capital, technology, and institutions.

User MCannon
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