Author Question: In order for Ethiopia to increase its future economic growth, it must choose a point that is: a. ... (Read 64 times)

karlynnae · **on:** Jun 30, 2018

In order for Ethiopia to increase its future economic growth, it must choose a point that is:
a. below its production possibilities curve.
b. further along on its production possibilities curve toward the capital goods axis.
c. further along on its production possibilities curve toward the consumption goods axis.
d. further along on its production possibilities curve away from the population axis.
e. above its production possibilities curve.

Question 2

Economic growth is represented by a:
a. rightward shift of the rule of 72 curve.
b. movement along a production possibilities curve.
c. rightward shift in potential real GDP (LRAS).
d. leftward shift of the long-run aggregate supply curve (LRAS).