What is the opportunity cost of economic growth, Macroeconomics

Assignment Help:

What is the opportunity cost of economic growth?

Opportunity cost measures the cost of an economic option within terms of the next best option foregone.

The government of a developing country only meeting its important wishes may chose to reallocate resources through the production of consumer gods to investment the goods.

1912_Opportunity cost of economic growth.png

Opportunity cost of economic growth: The economy moves from A to B

The short run opportunity cost of HG additional investment is ED lost consumer goods probably essentials. People might starve for additional producer goods.


Related Discussions:- What is the opportunity cost of economic growth

Solow growth model, graph the central equation of the solow model. argue th...

graph the central equation of the solow model. argue that a steady state exists and that the economy will converge to this point from any initial starting capital stock

Inverse market supply curve, Consider the market for the trusty widget (the...

Consider the market for the trusty widget (the most common good in the world if economics textbooks are to be believed). Assume that the market is perfectly competitive. Suppose th

How to calculate participation rate., 7 people have jobs, 3 want to work bu...

7 people have jobs, 3 want to work but are not, and there are 20 adults. What is the participation rate?

Illustrates about the terms of elasticity, Illustrates about the terms of e...

Illustrates about the terms of elasticity? • Definition of elasticity a. Price elasticity of demand b. Income elasticity of demand and c. Price elasticity of supply

Aggregate demand and aggregate supply model, In the late 1990s, a growing n...

In the late 1990s, a growing number of economists expressed concern that the world policy makers were often focusing too much on fighting inflation, without fully taking into accou

Perfectly competitive firm, Consider the following demand schedule. Does it...

Consider the following demand schedule. Does it apply to a perfectly competitive firm? Compute marginal and average revenue Price Quantity Price Quantity $95 2 $55 5 $88 3 $40 6 $

Aggregate demand with inflation, Aggregate demand with inflation In pre...

Aggregate demand with inflation In previous versions of Keynesian model, Components of aggregate demand did not depend on P. In IS-LM and in AS-AD models, investments depended

National income computation, What is the formula for computing for national...

What is the formula for computing for national income in a closed economy with government intervention

Trade cycle, policy measures to control trade cycle

policy measures to control trade cycle

Relation between poverty and growth, what is the relationship betwen growth...

what is the relationship betwen growth and poverty? either it is positive or negative?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd