The alternative combinations of final goods and services that can be produced with all available resources and technology are the

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Quizplus · Accepted Answer

Production possibilities refer to the various combinations of goods and services that can be produced with all available resources and technology. Real GDP and nominal GDP refer specifically to the value of goods and services produced in a given time period and do not necessarily capture all possible production combinations. Net domestic product refers to the value of goods and services produced minus the depreciation of capital goods, and does not directly relate to the concept of production possibilities.

The Alternative Combinations of Final Goods and Services That Can