Question
While real GDP is an observed and recorded value, potential GDP is an unobserved variable. Yet the latter has important policy implications. Can you explain
While real GDP is an observed and recorded value, potential GDP is an unobserved variable. Yet the latter has important policy implications. Can you explain in your own words two main reasons why potential GDP is an important indicator to the government?
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Business Driven Technology
Authors: Paige Baltzan
5th edition
978-007337684, 9780077419318, 73376841, 77419316, 978-0073376844
