Question

4. (i) Do you think the actual level of output in the Indian economy is less than its potential level?
(ii) Does it mean that the level of our PPC could be higher than what it is now?
pomy is for less than its potential level This is
hodin​

Answer 1

Yes, the actual level of output produced by Indian economy is less than its potential level. ... It means that economy is operating inside the PPC because resources of the economy are underutilized. If the resources will get fully utilized, then it will shift the point of operation of economy on the PPC.