Juliejanabanne
Juliejanabanne Juliejanabanne
  • 23-09-2016
  • Social Studies
contestada

what is the impact of economic growth on a nation’s gdp and ppc?

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Erudite1
Erudite1 Erudite1
  • 05-10-2016
GDP is the summation of all goods and services produce in an economy in a particular period of time while PPC (Production possibility curve) is a graph that compares the production rate of 2 commodities that uses the same fixed amount of the factors of production. When the economy is growing GDP increases. When PPC shift outward it indicates that the economy is growing.
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