Economic growth can be depicted as

Question

Quizplus · Accepted Answer

Economic growth is typically shown as a shift of the country's production possibilities frontier (PPF) to the right, indicating an increase in the maximum amount of goods and services that can be produced with existing resources and technology. It does not involve changes in the Marginal Rate of Substitution (MRS) or the Marginal Rate of Transformation (MRT). Option D is incorrect because a shift to the left represents a decrease in the country's production capacity, which is the opposite of economic growth.

Economic Growth Can Be Depicted as