Economic growth can be illustrated by:
A) a shift of a production possibilities curve to the right.
B) a shift of a production possibilities curve to a perfectly vertical position.
C) a movement away from consumer goods and toward capital goods along a production possibilities curve.
D) a movement from a point to the left of an economy's production possibilities curve to a point on the curve.

Question

Quizplus · Accepted Answer

Economic growth is represented by an outward shift of the production possibilities curve, indicating an increase in an economy's capacity to produce goods and services.

Economic Growth Can Be Illustrated By