Economic growth can generally be represented by _______________ the production possibilities curve.
A) an inward shift of
B) an unpredictable change in
C) no change in
D) either an inward or an outward shift of
E) an outward shift of

Question

Quizplus · Accepted Answer

Economic growth is represented by an outward shift of the production possibilities curve because it means that the economy can produce more goods and services than it could before, indicating an increase in productivity and efficiency. An inward shift of the curve would signify a decrease in production and a decline in the economy.

Economic Growth Can Generally Be Represented by _______________ the Production