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5. Use the Production Possibilities Frontier to represent actual GDP and potential GDP. What are therepercussions for an economy operating on the PPF? 6. Use

5. Use the Production Possibilities Frontier to represent actual GDP and potential GDP. What are therepercussions for an economy operating on the PPF?

6. Use the Production Possibilities Frontier to explain the law of increasing cost and the marginalopportunity cost to society of producing a good.

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