Refer to the interactive below: Production Possibilities and Economic Growth GRAPH CALCULATIONS Capital Goods 17 16 15 14 13 12 11 10 9 8
Refer to the interactive below: Production Possibilities and Economic Growth GRAPH CALCULATIONS Capital Goods 17 16 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 Production Possibilities (Present) Production Possibilities (Future) 0 1 2 3 4 56789 10 11 12 13 14 15 Consumption Goods More Saving More Consumption 1 2 3 4 5 6 7 Consumption Goods Produced Capital Goods Produced 6.0 4.4 Reset Instructions: Adjust the slider and gather information from the graph to answer the following questions. a) If a country produces 3 units of consumption goods, how many units of capital goods can it currently produce using all of its resources? 86 b) If a country produces 3 units of consumption goods now, and it continues to produce 3 consumption goods goods in the future, how many units of capital goods can it produce in the future? report your answer to one decimal place c) If a country produces 4 units of consumption goods now, and then it produces 3 consumption goods in the future, how many units of capital goods can it produce in the future? report your answer to one decimal place
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