Economists define economic growth in terms of changes in
A)Potential GDP.
B)Current GDP or actual production.
C)Population.
D)Living standards.

Name: Economists define economic growth in terms of changes in A)Potential GDP. B)Current GDP or actual production. C)Population. D)Living standards.
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Question

Quizplus · Accepted Answer

Economic growth is typically defined as an increase in potential GDP, which represents the maximum output an economy can produce when all resources are fully employed.

Economists Define Economic Growth in Terms of Changes in