Current output is defined as:
A) the amount of output when inflation is about 2 percent.
B) what an economy produces when it is at capacity.
C) the amount of total output at the current level of input utilization.
D) the amount of total output if all inputs are utilized at their long-run sustainable levels.
E) the amount of output where unemployment is zero.

Question

Quizplus · Accepted Answer

Current output is the amount of total output at the current level of input utilization, regardless of inflation or unemployment levels. It reflects the current level of production given the current utilization of resources.

Current Output Is Defined As