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The Production Possibility Frontier Can Be Used to Show Economic

Question 28

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The production possibility frontier can be used to show economic growth as a sustained long-run increase in GDP. What does each panel shows about capital goods and growth of the economy?
The production possibility frontier can be used to show economic growth as a sustained long-run increase in GDP. What does each panel shows about capital goods and growth of the economy?    A)  Panel A: fewer capital goods and rapid growth; Panel B: more capital goods and slower growth B)  Panel A: more capital goods and slower growth; Panel B: fewer capital goods and rapid growth C)  Panel A: more capital goods and rapid growth; Panel B: fewer capital goods and slower growth D)  Panel A: fewer capital goods and slower growth; Panel B: more capital goods and rapid growth


A) Panel A: fewer capital goods and rapid growth; Panel B: more capital goods and slower growth
B) Panel A: more capital goods and slower growth; Panel B: fewer capital goods and rapid growth
C) Panel A: more capital goods and rapid growth; Panel B: fewer capital goods and slower growth
D) Panel A: fewer capital goods and slower growth; Panel B: more capital goods and rapid growth

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