When we study economic growth,we are most concerned about changes in

Question

Quizplus · Accepted Answer

Economic growth refers to the increase in the level of real output in an economy over time. Therefore, when studying economic growth, we are most concerned about changes in the level of natural real output, which is the potential output an economy can produce when all resources are fully employed. Output ratio and the absolute difference between natural and actual real output may be relevant in certain contexts, but they are not the primary focus when studying economic growth.

When We Study Economic Growth,we Are Most Concerned About Changes