Post a New Question

economics

posted by .

(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 period’s PPF and determining whether that combination leads to more or less over the next period.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Economics

    How does increasing or decreasing the quantity of capital goods produced this period affect next period's production possibilities curve and why?
  2. Economics

    How does increasing or decreasing the quantity of capital goods produced this period affect next period's production possibilities curve and why?
  3. Economics

    1) The long run growth rate of the economy is consistent with: a.An outward expansion the economy's production possibilities frontier. b.A rightward shift in the aggregate demand curve. c.An inward expansion the economy's production …
  4. Macroeconomics

    Here are my answers and i wanted to check if they were correct to the quiz posted below. 1.a because its a model for the ppf 2.b Just wha thappens when technology is completely ignored 3.a because the model is based off of inputs and …
  5. college level Macroeconomics

    Here are my answers and i wanted to check if they were correct to the quiz posted below. 1.a because its a model for the ppf 2.b Just wha thappens when technology is completely ignored 3.a because the model is based off of inputs and …
  6. Economics

    A nations capital goods wear out over time, so a portion of it's capital goods become unusable every year. Last year, its residents decided to produce no capital goods, It has experienced no growth in its population or in the amounts …
  7. microeconomics

    Describe the adjustments in the production possibilities curves in each of the following situations for the United States economy. You should use a graph of a production possibilities curve in your explanation of each scenario. The …
  8. Economics

    Are chickens and and cows examples of capital goods?
  9. Economics

    1. An economy's production possibilities frontier is also its consumption possibilities frontier. a. under all circumstances b. under no circumstances c. when the economy is self-sufficient d. when the rate of tradeoff between the …
  10. economic

    Draw a production possibilities curve for a hypothetical economy producing capital good and consumer goods. Suppose a major technological breakthrough occurs I the capital goods industry and the new technology is widely adopted only …

More Similar Questions

Post a New Question