Economic growth can be shown by ____________________ production possibilities curve.
A)an outward shift of the
B)an inward shift of the
C)a movement from one point to another along the
D)a movement to a point inside the

Question

Quizplus · Accepted Answer

An outward shift of the production possibilities curve represents an increase in the economy's ability to produce goods and services. This increase can be due to various factors such as technological advancements, increased capital investment, or an increase in the labor force. Therefore, an outward shift of the production possibilities curve represents economic growth.

Economic Growth Can Be Shown by ____________________ Production Possibilities Curve