4 Economic Growth
-An expansion of the production possibilities frontier is

Name: 4 Economic Growth -An expansion of the production possibilities frontier is
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Economic growth is defined as an expansion of the production possibilities frontier (PPF), which indicates an increase in the capacity of an economy to produce goods and services. This expansion reflects improvements in technology, increases in resources, or enhancements in the efficiency of the economy.

4 Economic Growth -An Expansion of the Production Possibilities Frontier Is