Using a production possibilities frontier, economic growth is illustrated by a

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Economic growth is represented by an increase in the production capacity of an economy. This increase in production capacity is illustrated by a rightward shift of the production possibilities frontier, which allows an economy to produce more goods and services using its available resources. A point on the curve or inside the curve represents inefficient use of resources or limited production capacity. Movement from one point on the curve to another represents a tradeoff between producing more of one good or service and sacrificing the production of another.

Using a Production Possibilities Frontier, Economic Growth Is Illustrated by a