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Economics

Use the production possibilities frontier (PFF) to determine economic growth.

a. With consumption goods on one axis and capital goods on the other, show how the combination of goods selected this period affects the PFF in the next period.

b. Extend the comparison by choosing a different point on this period's PFF and determining whether that combination leads to more or less growth over the next period.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M964042

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