Assume a country produces two types of goods: manufactured goods and agricultural goods. When this country experiences economic growth, we know that
A) the production possibilities curve will shift outward.
B) the production possibilities curve will shift inward.
C) there will be a movement along the curve toward more manufactured goods.
D) there will be movement along the curve toward more agricultural goods.
Correct Answer:
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Q59: All of the following will cause the
Q60: A one percentage point in the growth
Q61: Economic growth will
A) shift the production possibilities
Q62: Economic growth is defined as
A) an increase
Q63: When looking at economic growth in a
Q65: The variable used to measure economic growth
Q66: Suppose per capita real GDP grows by
Q67: One of the problems with the definition
Q68: Economic growth is
A) an increase in the
Q69: According to the World Bank and the
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