1 answer

Choose the BEST answer How would you interpret a graph of a nation when its production...

Question:



Choose the BEST answer How would you interpret a graph of a nation when its production possibilities frontier shifts outward? O The country is achieving economic growth O The countrys real GDP has reached a peak in the business cycle. OThe sum of goods and services produced exceeds the level of neighboring countries
Choose the BEST answer How would you interpret a graph of a nation when its production possibilities frontier shifts outward? O The country is achieving economic growth O The country's real GDP has reached a peak in the business cycle. OThe sum of goods and services produced exceeds the level of neighboring countries

Answers

Option A.

  • When a country is achieving economic growth we can say that a nation's production possibilities frontier shifts outwards.
  • A country is said to undergo economic growth if its production has increased to a next level or in other words the country has become productively efficient.
  • When a economy's productive potential increases, the production of capital and consumer goods increases, which causes the economy's production possibilities frontier to shift outwards.
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