152k views
4 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 Bluesman
by
3.5k points

1 Answer

2 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 Gil Gilbert
by
4.3k points