Economic growth is represented by:
A) An inward shift of the production possibilities curve.
B) A point inside the production possibilities curve.
C) An outward shift of the production possibilities curve.
D) A movement along the production possibilities curve.

Question

Quizplus · Accepted Answer

Economic growth is represented by an outward shift of the production possibilities curve as it indicates an increase in the economy's capacity to produce goods and services over time. This is achieved through factors such as technological advancements, increase in the quantity or quality of resources, and improvements in infrastructure and education.

Economic Growth Is Represented By