Question

Economic growth is shown on a PPF curve by a. The curve moving to the left...

Economic growth is shown on a PPF curve by

a. The curve moving to the left

b. Moving from the PPF frontier away from the origin

c. Moving from the PPF frontier towards the origin

d. None of the above

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Answer #1

Economic growth is shown on a PPF curve by - b. Moving from the PPF frontier away from the origin.

Supportive sentence :- Economic growth is an increase in what an economy can produce if it is using all its scarce resources. An increase in an economy’s productive potential can be shown by an outward shift in the economy’s production possibility frontier (PPF).

   An outward shift of a PPF means that an economy has increased its capacity to produce all goods.

PPF curve shift inward when a failure to invest in human, erosion of infrastructure, Natural disasters etc are occures.

Thank you..

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