based on the graph above, if the economy were to grow, which point is the most likely for the economy to be…
based on the graph above, if the economy were to grow, which point is the most likely for the economy to be at after the growth? consumer goods capital goods
Answer
Brief Explanations:
Economic growth typically shifts the production - possibility frontier outward. Points on the new frontier represent higher levels of production of both capital and consumer goods. Point 2 is outside the current frontier, and with economic growth, the economy could reach a point like 2, indicating an increase in the production of both types of goods.
Answer:
2