Year: 2009
Type: article
Abstract: Potential output is an estimate of the level of gross domestic product attainable when the economy is operating at a high rate of resource use. A summary measure of the economy’s productive capacity, potential output plays an important role in the Congressional Budget Office (CBO)’s economic forecast and projection.
Author: Robert W. Arnold
Language: English
Domain: Social Sciences
Open Access status: gold
OpenAlex ID: W1546276850