Refer to the information provided in Figure 31.1 below to answer the question(s) that follow. Figure 31.1 -Refer to Figure 31.1. Economic growth is represented by A) a movement from Point A to Point B along ppf₁. B) a movement from Point C to Point B. C) a movement from Point B to Point A. D) a shift in the production possibilities frontier from ppf₂ to ppf₃.

Question

Quizplus · Accepted Answer

Economic growth is represented by an outward shift in the production possibilities frontier, indicating an increase in the economy's capacity to produce goods and services.

Refer to the Information Provided in Figure 31