a. the sacrifice of current consumption b. environmental degradation c. resource exhaustiond. national savinge. lower real interest rate

Question 15 (0.5 points) The diagram below shows alternate paths for two hypothetical economies, each starting with GDP of $1 billion. Assume that Area 1 is equal to Area 2. Economy B Area 2 2% growth Real Consumption Economy A Area 1 1% growth Year X Year Y Time Which of the following costs of economic growth are reflected in this diagram? a) the sacrifice of current consumption b) environmental degradation c) resource exhaustion