Definition of Potential output:
Total gross domestic product (GDP) that could be produced by an economy if all its resources were fully employed.
How to use Potential output in a sentence?
- Because of cantankerous government regulations that tied the hands of various vibrant business ventures, the potential output of the U.S. economy was not being fully realized to the frustration of some Republicans in Congress.
- The potential output of Africa is the highest in the world, this is because there is a large amount of intellectual capital not being utilized there.
- The United States has the highest potential output of any other civilized nation, but most of the employees spend more time on Facebook than working.
Meaning of Potential output & Potential output Definition