GROWTH DEVELOPMENT CHILD
GROWTH AND DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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an outward shift of the production possibility frontier.
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an outward shift of the consumption possibility frontier.
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a rightward shift of the short run aggregate supply curve.
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a rightward shift of the aggregate demand curve.
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Detailed explanation-1: -Economic growth occurs when an economy’s production at the full employment level increases. Increase in the production at the full employment level is shown by an outward shift of production possibility frontier (PPF).
Detailed explanation-2: -Answer and Explanation: An outward shift of the production possibilities curve represents (3) economic growth. When the PPC shifts outward, more of both goods are able to be produced. This results in increased production levels, which is a measure of economic growth.
Detailed explanation-3: -Increasing the productivity of workers allows for more production without an increase in resources. And improvements in productivity will shift the frontier outward, which reflects economic growth.
Detailed explanation-4: -As output increased, the PPF curve would be pushed outwards. A new curve, represented in the figure on which Y would fall, would show the new optimal allocation of resources. When the PPF shifts outwards, it implies growth in an economy.