Economic growth can be depicted as a

Question

Quizplus · Accepted Answer

Economic growth refers to an increase in the production and consumption of goods and services in an economy. This can be represented by a change in the dimensions of the Edgeworth box, which is a graphical representation of the possible allocations of goods between two individuals or groups. An increase in the dimensions of the Edgeworth box indicates that both individuals/groups are better off, as they have access to more goods and services. Therefore, option B is the correct choice. The other options are not relevant to depicting economic growth.

Economic Growth Can Be Depicted as a