Refer to the information provided in Figure 17.2 below to answer the questions that follow.
Figure 17.2
-Refer to Figure 17.2.An economy that chooses to be at Point ________ can achieve higher economic growth rate in the future.
A)A
B)B
C)C

Question

Refer to the information provided in Figure 17.2 below to answer the questions that follow.
  Figure 17.2
-Refer to Figure 17.2.An economy that chooses to be at Point ________ can achieve higher economic growth rate in the future.
A)A 
B)B 
C)C

Quizplus · Accepted Answer

Point B represents a combination of high investment and low consumption, which means the economy is saving a significant portion of its income to invest in capital goods, leading to higher economic growth rate in the future. This is because investment in capital goods leads to an increase in productivity, which in turn leads to an increase in output and income.

Refer to the Information Provided in Figure 17