Economic growth ppf, Use the production possibilities

Economic growth ppf

Reference no: EM1316634

Use the production possibilities frontier (PPF) to demonstrate economic growth.(Growth and the PPP)

a) With consumption goods on one axis and capital goods on the other, show how the combination of goods selected this period affects the PPF in the next period.

b) Extend this comparison by choosing a different point on this period's PPF and determining whether that combination leads to more or less growth over the next period.

Reference no: EM1316634

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