0
What else can I help you with?
Difference between actual output and potential output of an economy?
Actual output is the "real" GDP ( gross domestic product). potential output is the targeted output set by the government. the difference between the actual and potential output is UNDEREMPLOYMENT!
If actual output exceeds potential output eventually what will happen?
According to the theories of macroeconomics, if actual output exceeds potential output, then the output will continue to grow as the price of inputs continues to fall.
What is the best measure of an increase in actual output?
Real Gross Domestic Product (Real GDP) measures the changes in output within a country compared to the output of a selected year. It adjusts Nominal Gross Domestic Product (GDP) to include changes in inflation during the fiscal year. By including changes in inflation, we can observe over time how much actual output a country produces.
What do you refer to when actual output is higher than potential output?
expansionary output gap has occured.
What are the imports in industry to increase output and perhaps exports?
what are the imports in indusrty to increase output and perphaps exports
What is the formula of efficiency?
Efficiency is typically calculated as the ratio of actual output to maximum possible output, expressed as a percentage. The formula for efficiency is: Efficiency = (Actual output / Maximum possible output) * 100%.
What happens when actual output exceeds potential output?
inflation rates tend to accelerate
Achieve large and lasting increase output the economy must achieve increase capcity utilization?
Achieve large and lasting increase output the economy must achieve increase capcity utilization
Why positive feedback unstable?
A: To feedback more of the same signal from the output to increase the input to farther increase the output and farther increase the input will ultimately saturate the system
Does a fixed pulley increase distance output?
No, a fixed pulley does not increase the distance output. It changes the direction of the force applied, but the amount of work input remains the same as the output distance.
Would an increase in contractility cause an increase to cardiac output?
Yes - an increase in contractility would lead to an increase in stroke volume. An increased stroke volume would cause an increased cardiac output.
What is the definition of expansionary gap?
An expansionary gap is a negative output gap, which occurs when actual output is higher than potential output.
