Figure 7.4 Alt text for Figure 7.4: In figure 7.4, a graph representing per-worker production functions.
Long description for Figure 7.4: The x-axis is labelled, capital per hour worked, K/L.The y-axis is labelled, real GDP per hour worked, Y/L.3 concave curves originating from 0 at the vertex are shown.5 points A ($50000, $15000), B ($60000, $16000), C ($70000, $16400), D ($60000, $17000), and E ($60000, $15000)are plotted.The curve labelled, Production function 1, passes through point E.The curve labelled, Production function 2, passes through points A, B, and C.The curve labelled, Production function 3, passes through point D.These 5 points are connected to their respective coordinates on the x-axis and y-axis with dotted lines.
-Refer to Figure 7.4.Which of the following combinations of points illustrates changes in the Soviet Union's economy from 1950 to 1980?
A)E to B
B)B to D
C)B to E
D)A to B to C
E)D to C

Question

Figure 7.4  Alt text for Figure 7.4: In figure 7.4, a graph representing per-worker production functions.
Long description for Figure 7.4: The x-axis is labelled, capital per hour worked, K/L.The y-axis is labelled, real GDP per hour worked, Y/L.3 concave curves originating from 0 at the vertex are shown.5 points A ($50000, $15000), B ($60000, $16000), C ($70000, $16400), D ($60000, $17000), and E ($60000, $15000)are plotted.The curve labelled, Production function 1, passes through point E.The curve labelled, Production function 2, passes through points A, B, and C.The curve labelled, Production function 3, passes through point D.These 5 points are connected to their respective coordinates on the x-axis and y-axis with dotted lines.
-Refer to Figure 7.4.Which of the following combinations of points illustrates changes in the Soviet Union's economy from 1950 to 1980?
A)E to B 
B)B to D 
C)B to E 
D)A to B to C 
E)D to C

Quizplus · Accepted Answer

From 1950 to 1980, the Soviet Union experienced significant economic growth and industrialization, moving from a less developed economy (A) through a phase of rapid industrial growth (B), to a more mature and diversified economy (C).

Figure 74 Alt Text for Figure 7