ashleyvargas7433 ashleyvargas7433
  • 07-03-2018
  • Business
contestada

If actual gdp is $500 billion and there is a negative gdp gap of $10 billion, potential gdp is

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MrsTriplet MrsTriplet
  • 17-03-2018
Potential GDP (gross domestic product)  is an estimate of what the economy would product using a high rate of their resources. In this case, we just need to add the actual GDP with the negative GDP to get the potential GDP.

$500 bil + $10 bil = $510 bil
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