What is another term for 'potential GDP'?
A)realised GDP
B)unemployment GDP
C)full-employment GDP
D)balanced-budget GDP

Question

Quizplus · Accepted Answer

Potential GDP is the level of GDP that a country can produce when all its resources are fully employed, which is also known as full-employment GDP. Realised GDP is the actual level of output produced in an economy, which can be lower or higher than potential GDP depending on various factors. Unemployment GDP and balanced-budget GDP are not commonly used terms in macroeconomics.

What Is Another Term for 'Potential GDP