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7 October, 04:01

If actual gdp is $500 billion and there is a negative gdp gap of $10 billion, potential gdp is

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  1. 7 October, 04:13
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    Potential GDP (gross domestic product) is an estimate of what the economy would product using a high rate of their resources. In this case, we just need to add the actual GDP with the negative GDP to get the potential GDP.

    $500 bil + $10 bil = $510 bil
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