Difference between Actual and Potential GDP?

Answer

First, GDP stands for Gross Domestic Product. Potential GDP is the value of production that can occur when all factors are optimal. Actual GDP is the actual value as reflected in true economic conditions.
Q&A Related to "Difference between Actual and Potential GDP?"
Actual GDP is the sum of the value added by all the economic activities in an economy. But Actual GDP may be lower the potential GDP that is equal to the maximum sum of value of added
https://answers.yahoo.com/question/index?qid=20080...
The GDP gap or the output gap is the difference between potential GDP and actual GDP or actual output
http://www.kgbanswers.com/what-do-you-call-the-dif...
Potential is the total gross domestic product that an
http://www.chacha.com/question/what-is-the-differe...
A type of natural resource that exists in a region and may be used in the future (in contrast to actual resource) A type of natural resource that has been surveyed for quality and
http://wiki.answers.com/Q/What_is_the_difference_b...
About -  Privacy -  Careers -  Ask Blog -  Mobile -  Help -  Feedback  -  Sitemap  © 2015 Ask.com