Refer to the information provided in Figure 17.1 below to answer the questions that follow. Figure 17.1
-Refer to Figure 17.1.Economic growth is represented by
A)a movement from Point A to Point B along ppf1.
B)a movement from Point B to Point C.
C)a movement from Point B to Point A.
D)a shift in the production possibilities frontier from ppf2 to ppf1.

Question

Refer to the information provided in Figure 17.1 below to answer the questions that follow.  Figure 17.1
-Refer to Figure 17.1.Economic growth is represented by
A)a movement from Point A to Point B along ppf1. 
B)a movement from Point B to Point C. 
C)a movement from Point B to Point A. 
D)a shift in the production possibilities frontier from ppf2 to ppf1.

Quizplus · Accepted Answer

Economic growth is represented by a movement from Point B to Point C as the economy has become more efficient and can produce more goods and services. The movement along ppf1 from Point A to Point B only represents an increase in the production of one good while producing less of another, which does not necessarily indicate economic growth. A shift in the production possibilities frontier from ppf2 to ppf1 could represent an increase in resources or technological advancement, but it does not indicate a specific movement along the ppf or economic growth. Therefore, option C is incorrect.

Refer to the Information Provided in Figure 17