Differentiate between actual economic growth and potential economic growth

      

Differentiate between actual economic growth and potential economic growth.

  

Answers


John
Actual economic growth refers to annual percentage increase in national output which fluctuates in accordance with the phases of trade cycle while potential economic growth is the rate at which the economy would grow if all the resources such as human beings and equipment are fully utilized.
Jonmhumble answered the question on October 23, 2017 at 20:54


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