The production possibilities frontier (PPP) in the figure below shows the tradeoffs between consumption goods (goods that are used for final consumption) and capital goods (goods that are used in the production as inputs such as machinery and equipment). Suppose two countries: Spendthrift and Frugal, face this identical PPF. Capital Goods B Consumption Goods a) Suppose Spendthrift chooses to produce at point A while Frugal chooses to produce at point B. Which country will experience higher growth in the future? Why? (1 point) b) As you may have realized, growth will take place in both countries as a result of capital accumulation. On two separate graphs, show the impact of growth on production possibilities frontiers illustrating the difference between these two countries. Give a brief explanation Label the graphs clearly. (1 point)