Author Question: A production point that lies outside the Production Possibilities Curve (PPC) A) denotes ... (Read 118 times)

ETearle · **on:** Jun 29, 2018

A production point that lies outside the Production Possibilities Curve (PPC)

A) denotes inefficiency.
B) indicates unemployment.
C) is currently not attainable.
D) can never be reached, even in future periods.

Question 2

A one percentage point in the growth rate

A) does not make much difference in the long run per capita real GDP.
B) will not influence the real standard of living in a country.
C) can make a big difference in the per capita real GDP because of urban congestion.
D) can make a big difference in the per capita real GDP because of compounding.