May 31, 2016

Homework Help: economics

Posted by Gary on Monday, August 23, 2010 at 10:58pm.

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

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

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

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