UPSC Mains 2020Question 2General Studies 3Economy150 words
Define potential GDP and explain its determinants. What are the factors that have been inhibiting India from realizing its potential GDP? (Answer in 150 words)
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Class 12Determination of Income and Employment— NCERT Economics, Chapter 4. This chapter builds Keynes's short-run model of national income with prices and the interest rate held fixed. Planned (ex ante) values matter, not accounting (ex post)…
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