Potential economic growth is:
A) the percentage annual increase in the economy's available resources
B) the percentage annual increase in nominal GDP
C) the percentage annual increase in the economy's potential to produce
D) the percentage annual increase in real GDP

Question

Quizplus · Accepted Answer

Potential economic growth refers to the increase in an economy's capacity to produce goods and services over time, which is represented by the economy's potential output.

Potential Economic Growth Is