QUESTION 28 Exhibit 2-15 Production possibilities curves Year Y Consump goods Ye

Question

QUESTION 28 Exhibit 2-15 Production possibilities curves Year Y Consump goods Year X Capital goods ?Exhibst 2-18, the pro acton possibles arvesfor a country are shown for the years Year X and Year Y Supposeths country was located at point A n Year X and po tBinYear Y na economy O a has shown growth between these two years b is worse off in Year Y than in Year X C has higher unemployment in Year Y than in Year X d has stagnated production in this two year period e is more efficient in Year Y than in Year X

Explanation / Answer

As the production possibility curve has shifted to the outer level. it will be because of the economic growth and an increase in the production capability of the nation.

The answer is "A", Has shown growth between these two years.

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