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Diane Publishing Books
Revisions to CBO劌製 Projection of Potential Output Since 2007
Robert Shackleton (au)
As part of its economic and budgetary projections, the Congressional Budget Office (CBO) estimates past and future potential output -- also called potential gross domestic product (GDP), and defined as the maximum sustainable amount of real (inflation-adjusted) output that the economy can produce. For various reasons, CBO劌製 projections for potential gross domestic product (GDP) in a specific year can change over time. This report examines a change in CBO劌製 projections of potential output for the year 2017, comparing the projection it published in January 2001 with the one it released in February 2014. From the earlier projection to the more recent one, CBO劌製 projection for potential output in 2017 declined by 7.3 percent. Table and figures. This is a print on demand report.
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