Economic growth can be seen by an outward shift of __________ .
A)The Production Possibility Frontier
B)The Gross Domestic Barrier
C)The Marginal Consumption Frontier
D)The Minimum Efficient Scale

Question

Quizplus · Accepted Answer

The Production Possibility Frontier (PPF) represents the maximum output combinations of two goods or services an economy can achieve when all resources are fully and efficiently utilized. An outward shift of the PPF indicates an increase in an economy's capacity to produce, reflecting economic growth. This can be due to factors such as technological advancements, increases in resources, or improvements in labor productivity. The other options do not directly represent the concept of economic growth in this context.

Economic Growth Can Be Seen by an Outward Shift of __________