Juliejanabanne
Juliejanabanne Juliejanabanne
  • 23-09-2016
  • Social Studies
contestada

what is the impact of economic growth on a nation’s gdp and ppc?

Respuesta :

Erudite1
Erudite1 Erudite1
  • 05-10-2016
GDP is the summation of all goods and services produce in an economy in a particular period of time while PPC (Production possibility curve) is a graph that compares the production rate of 2 commodities that uses the same fixed amount of the factors of production. When the economy is growing GDP increases. When PPC shift outward it indicates that the economy is growing.
Answer Link

Otras preguntas

In a recent survey of 500 people, 345 said they preferred Little Ceasers to Dominoes. What Percent liked Little Caesars.
Evarado paid $1.12 for a dozen eggs at his local grocery store.  Determine the cost of 3 eggs
What led to the creation of two different Christian societies in Europe
A given rectangle has an area of 20 square feet. What is the length for various widths?
What is four to the eighth power over four to the fifth power
A map measuring 60 cm by 25 cm is reduced twice in the ratio 3:5. Calculate the final dimensions of the map.
what does 5.2E11 mean on a calculater
During what period did Egypt reach the height of its power
How are oceanic ridges identified?
How are oceanic ridges identified?