________ is the definition used to describe the maximum quantity an economy can produce, in the context of its existing inputs, market and legal institutions.

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asked Dec 26, 2022 152k views

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Gil Gilbert · Answer 1 · 2022-12-31T09:17:46+0000

Answer:

potential GDP

Step-by-step explanation:

is the maximum quantity that an economy can produce given full employment of its existing levels of labor, physical capital, technology, and institutions.

________ is the definition used to describe the maximum quantity an economy can produce, in the context of its existing inputs, market and legal institutions.

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