Economic growth can be represented by
A) a movement up the production possibilities frontier PPF).
B) an outward shift of the production possibilities frontier PPF).
C) an inward shift of the production possibilities frontier PPF).
D) a movement down the production possibilities frontier PPF).

Question

Quizplus · Accepted Answer

Economic growth refers to an increase in the total output of goods and services produced in an economy over time. An outward shift of the PPF represents an increase in the economy's capacity to produce goods and services, which is indicative of economic growth.

Economic Growth Can Be Represented by