Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Other things being the same, which of the following will most likely cause an outward shift in the production possibilities curve? Other things being the

Other things being the same, which of the following will most likely cause an outward shift in the production possibilities curve?

image text in transcribedimage text in transcribed
Other things being the same, which of the following 1will most likely cause an outward shift in the production possibilities curve? C) a reduction in the number of machines available to the economy.r 35 the result of a decline in investment O a decrease in the labor orce C) development of an improved technological method of production O None of the above 1would cause an outward shift in the production possibilities curve. If nominal GDP increased from $4,500 billion in 2010 to $5,000 billion in 2011 and the GDP deflator increased from 100 to 111 over the same time period, what would the 2011 real GDP equal (expressed in terms of 2010 dollars)? O $4,285 billion O $4,464 billion $4,725 billion O $4,762 billion

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Smith and Roberson Business Law

Authors: Richard A. Mann, Barry S. Roberts

15th Edition

1285141903, 1285141903, 9781285141909, 978-0538473637

Students also viewed these Economics questions

Question

explain how psychosocial risks can be prevented or managed;

Answered: 1 week ago